Sono-Tek Co. (NASDAQ:SOTK – Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 13,700 shares, an increase of 185.4% from the December 15th total of 4,800 shares. Based on an average daily volume of 18,000 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the stock are sold short.
Sono-Tek Stock Down 0.3 %
Shares of SOTK traded down $0.01 during trading hours on Tuesday, reaching $3.76. 3,045 shares of the company traded hands, compared to its average volume of 19,668. Sono-Tek has a 12 month low of $3.50 and a 12 month high of $6.12. The company’s fifty day moving average price is $4.42 and its two-hundred day moving average price is $4.22. The company has a market capitalization of $59.22 million, a price-to-earnings ratio of 41.78 and a beta of -0.20.
Sono-Tek (NASDAQ:SOTK – Get Free Report) last announced its quarterly earnings data on Monday, January 13th. The industrial products company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. Sono-Tek had a return on equity of 9.20% and a net margin of 7.36%. On average, analysts expect that Sono-Tek will post 0.07 EPS for the current year.
Wall Street Analyst Weigh In
View Our Latest Report on SOTK
Institutional Investors Weigh In On Sono-Tek
An institutional investor recently raised its position in Sono-Tek stock. Geode Capital Management LLC lifted its position in Sono-Tek Co. (NASDAQ:SOTK – Free Report) by 11.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 125,355 shares of the industrial products company’s stock after buying an additional 12,900 shares during the period. Geode Capital Management LLC owned approximately 0.80% of Sono-Tek worth $505,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 47.89% of the company’s stock.
About Sono-Tek
Sono-Tek Corporation designs and manufactures ultrasonic coating systems for applying on parts and components for the microelectronics/electronics, alternative energy, medical, industrial, and research and development/other markets worldwide. The company also designs and manufactures custom-engineered ultrasonic coating systems; and provides nozzles and generators for manufacturers' equipment.
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