Key Points
- CFO Stephen James Bagley sold 3,454 Sono-Tek shares at an average price of $5.43, generating $18,755.22. His remaining stake fell 10.08% to 30,800 shares.
- Sono-Tek’s latest quarterly results met expectations, with EPS of $0.05 and revenue of $5.66 million versus the $5.60 million consensus estimate. The stock had a market capitalization of approximately $80.3 million and traded near $5.11.
- Institutional investors own 47.89% of the company, while recent analyst actions improved the consensus outlook to “Moderate Buy” with an average price target of $8.50.
Sono-Tek Corporation (NASDAQ:SOTK - Get Free Report) CFO Stephen James Bagley sold 3,454 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $5.43, for a total transaction of $18,755.22. Following the completion of the sale, the chief financial officer directly owned 30,800 shares of the company's stock, valued at approximately $167,244. This trade represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Sono-Tek Stock Performance
SOTK opened at $5.11 on Wednesday. Sono-Tek Corporation has a fifty-two week low of $3.23 and a fifty-two week high of $6.24. The firm's fifty day moving average is $5.30 and its 200 day moving average is $4.62. The stock has a market cap of $80.31 million, a price-to-earnings ratio of 39.31 and a beta of -0.05.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last issued its earnings results on Wednesday, July 8th. The industrial products company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Sono-Tek had a net margin of 9.62% and a return on equity of 10.55%. The company had revenue of $5.66 million during the quarter, compared to the consensus estimate of $5.60 million. During the same quarter in the prior year, the firm posted $0.03 EPS. On average, equities research analysts predict that Sono-Tek Corporation will post 0.11 earnings per share for the current year.
Hedge Funds Weigh In On Sono-Tek
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP grew its stake in Sono-Tek by 28.2% during the third quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company's stock valued at $69,000 after acquiring an additional 3,389 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Sono-Tek by 29.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 18,773 shares of the industrial products company's stock valued at $84,000 after acquiring an additional 4,305 shares during the last quarter. HM Payson & Co. purchased a new stake in Sono-Tek in the 4th quarter worth $89,000. Bard Associates Inc. lifted its stake in Sono-Tek by 7.0% in the 4th quarter. Bard Associates Inc. now owns 43,244 shares of the industrial products company's stock worth $179,000 after purchasing an additional 2,838 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Sono-Tek by 62.6% during the 4th quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company's stock valued at $260,000 after purchasing an additional 24,239 shares during the last quarter. Institutional investors own 47.89% of the company's stock.
Analyst Ratings Changes
SOTK has been the subject of a number of recent analyst reports. Weiss Ratings raised Sono-Tek from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, June 25th. Wall Street Zen raised Sono-Tek to a "strong-buy" rating in a research note on Sunday, July 12th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Sono-Tek has a consensus rating of "Moderate Buy" and an average price target of $8.50.
Check Out Our Latest Stock Analysis on SOTK
Sono-Tek Company Profile
(
Get Free Report)
Sono-Tek Corporation is a specialized equipment manufacturer that designs, develops and sells ultrasonic spray coating systems for precision fluid delivery. The company's core technology uses high-frequency ultrasonic vibrations to generate fine, uniform droplets that can be applied to a broad range of substrates with minimal waste and high accuracy. This method enables precise control over coating thickness, distribution and material usage, making it well suited to applications requiring micro-scale deposition and tight process tolerances.
The company's product portfolio includes bench-top research and development stations, pilot-scale units and full production systems.
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