Philip A. Strasburg, currently serving as a director at Sono-Tek Co. (NASDAQ: SOTK), sold 2,000 of the company’s shares of Stock on Tuesday, October 25. The transaction took place. The total cost of purchasing all of the shares was $14,240.00, and the average price buyers were willing to pay for each share was $7.12. Following the completion of the transaction, the director will have a total of 44,118 shares in the company, each of which has a value of approximately $314,120.16 at present. Following the link to a document submitted to the SEC can acquire additional information regarding the transaction.
On Tuesday, October 18, the most recent quarterly earnings report for Sono-Tek (NASDAQ: SOTK) was made available to the public. The manufacturer of goods for the industrial sector reported earnings per share for the period under consideration of $0.01, which was the same as the consensus forecast of $0.01 among industry professionals. Sono-net Tek had a return on equity of 10.14 percent, and the margin for the company was 8.12 percent. The revenue for the quarter was $3.76 million, whereas the consensus estimate among financial analysts was $3.61 million for the period’s sales. In addition, the company generated earnings of $0.02 per share during the same period the year before. According to FactSet’s responses from industry professionals, the consensus is that Sono-Tek Co. will make $0.06 per share in revenue this year.
There have been multiple analyst reports written on SOTK that have been made public. These reports have been published. TheStreet downgraded Sono-Tek from a ” b ” rating to a “c+” in a research report made available for public consumption on Tuesday, July 19. According to a research note released on October 19 by Northland Securities, the price target previously set for Sono-Tek stock is now set at $10.00, which is an increase from the previous price target of $8.00.
Sono-stock On Thursday, the stock of Tek was first offered for sale for $6.92. Current prices of $4.01 and $9.49 represent the 12-month low and high, respectively, for Sono-Tek Company’s share price over the past year. The company’s market capitalization is currently sitting at $108.92 million, while its price-to-earnings ratio stands at 76.89, and its beta stands at 0.12. The moving average of the company’s stock price over the past 50 days is $6.80; over the last 200 days, each moving average is $6.39.
The Sono-Tek Corporation designs and manufactures ultrasonic coating systems for parts and components in the global microelectronics and electronics, alternative energy, medical, industrial, and research and development (other) markets. These markets include research and development (other). The various parts and components are coated with ultrasonic waves using these various systems. Aside from that, it designs and makes ultrasonic coating systems for specific needs and nozzles and generators for machines made by other companies.
The post Strasburg, Philip A. Sono-Tek Co. (NASDAQ:SOTK) stock is being sold for 2,000 shares. appeared first on Best Stocks.
