Sono-Tek Co. (NASDAQ:SOTK – Get Rating) Director Joseph Riemer sold 2,712 shares of the business’s stock in a transaction that occurred on Thursday, January 19th. The shares were sold at an average price of $6.08, for a total transaction of $16,488.96. Following the completion of the transaction, the director now owns 42,306 shares of the company’s stock, valued at $257,220.48. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Sono-Tek Stock Performance
Shares of Sono-Tek stock traded down $0.35 during trading on Monday, reaching $5.74. 7,247 shares of the company’s stock were exchanged, compared to its average volume of 4,532. Sono-Tek Co. has a 1-year low of $4.01 and a 1-year high of $8.10. The company has a market cap of $90.36 million, a P/E ratio of 76.13 and a beta of -0.25. The firm’s 50-day moving average price is $6.19 and its 200 day moving average price is $6.41.
Wall Street Analysts Forecast Growth
Separately, Northland Securities lifted their price objective on shares of Sono-Tek from $8.00 to $10.00 in a research note on Wednesday, October 19th.
Institutional Inflows and Outflows
Sono-Tek Company Profile
Sono-Tek Corp. engages in the design and manufacture of ultrasonic coating systems. The firm also provides patented nozzles and generators for manufacturers equipment. Its products categories include electronics, energy, medical, glass, food, textiles, nanotechnology, and industrial. The company was founded by Harvey L.
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