Sono-Tek (OTCMKTS:SOTK) Stock Crosses Below Two Hundred Day Moving Average of $2.45
Sono-Tek Co. (OTCMKTS:SOTK) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.45 and traded as low as $2.68. Sono-Tek shares last traded at $2.68, with a volume of 1,000 shares trading hands.
The company has a debt-to-equity ratio of 0.08, a current ratio of 3.03 and a quick ratio of 2.27. The company has a 50-day moving average of $2.61 and a 200-day moving average of $2.45.
In related news, CEO Christopher L. Coccio sold 10,470 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $2.72, for a total value of $28,478.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph Riemer sold 23,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $2.35, for a total value of $55,225.00. The disclosure for this sale can be found here. Insiders sold a total of 36,750 shares of company stock valued at $90,500 over the last quarter. 16.10% of the stock is owned by insiders.
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 patented nozzles and generators for manufacturers' equipment.
Further Reading: Hold Rating
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