773,386 Shares in Sono-Tek Co. (NASDAQ:SOTK) Purchased by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC bought a new stake in Sono-Tek Co. (NASDAQ:SOTK) during the 4th quarter, HoldingsChannel reports. The fund bought 773,386 shares of the industrial products company’s stock, valued at approximately $3,101,000.

Separately, Bard Associates Inc. boosted its stake in shares of Sono-Tek by 5.6% in the 4th quarter. Bard Associates Inc. now owns 56,431 shares of the industrial products company’s stock valued at $226,000 after purchasing an additional 3,006 shares in the last quarter. Hedge funds and other institutional investors own 47.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Northland Securities reiterated an “outperform” rating and set a $7.50 price objective (down from $10.00) on shares of Sono-Tek in a research report on Tuesday, January 14th.

Sono-Tek Stock Down 0.3 %

Shares of SOTK stock opened at $3.68 on Tuesday. The firm has a market capitalization of $57.96 million, a P/E ratio of 52.57 and a beta of -0.24. Sono-Tek Co. has a twelve month low of $3.50 and a twelve month high of $6.05. The stock’s fifty day simple moving average is $3.81 and its 200 day simple moving average is $4.15.

Sono-Tek (NASDAQ:SOTK) last issued its quarterly earnings data on Monday, January 13th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Sono-Tek had a net margin of 5.47% and a return on equity of 6.55%. As a group, equities research analysts expect that Sono-Tek Co. will post 0.07 EPS for the current fiscal year.

Sono-Tek Company Profile

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.