Sono-Tek Co. (NASDAQ:SOTK) Short Interest Update
Sono-Tek Co. (NASDAQ:SOTK) experienced a significant increase in short interest in October, rising 33.3% to 11,600 shares by October 31. Currently, 0.1% of its shares are short sold, with a short-interest ratio of 1.1 days based on an average daily volume of 10,100 shares. The stock price rose by 0.5%, reaching $0.47, with a market cap of $39 million. Institutional investors hold 47.89% of the stock, and Northland Securities has an "outperform" rating with a price target of $0.00.
Sono-Tek Co. (NASDAQ:SOTK - Get Free Report) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 11,600 shares, a growth of 33.3% from the October 15th total of 8,700 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 10,100 shares, the short-interest ratio is currently 1.1 days.
Sono-Tek Stock Up 0.5 %
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SOTK traded up $0.02 during trading on Friday, reaching $4.47. The company had a trading volume of 5,664 shares, compared to its average volume of 10,985. Sono-Tek has a 52 week low of $3.50 and a 52 week high of $6.12. The stock has a market cap of $70.39 million, a P/E ratio of 49.66 and a beta of -0.28. The business has a 50 day simple moving average of $4.25 and a 200-day simple moving average of $4.24.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. Sono-Tek had a net margin of 7.36% and a return on equity of 9.20%. The business had revenue of $5.16 million during the quarter, compared to the consensus estimate of $5.23 million. During the same quarter last year, the firm earned $0.03 earnings per share. As a group, equities research analysts expect that Sono-Tek will post 0.07 EPS for the current fiscal year.
Institutional Trading of Sono-Tek
A hedge fund recently raised its stake in Sono-Tek stock. Bard Associates Inc. boosted its position in shares of Sono-Tek Co. (NASDAQ:SOTK - Free Report) by 29.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,425 shares of the industrial products company's stock after purchasing an additional 12,220 shares during the quarter. Bard Associates Inc. owned about 0.34% of Sono-Tek worth $215,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 47.89% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Northland Securities restated an "outperform" rating and issued a $10.00 price target on shares of Sono-Tek in a research report on Wednesday, October 16th.
Read Our Latest Stock Report on Sono-Tek
About Sono-Tek
(Get Free Report)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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