Bard Associates Inc. Boosts Stake in Sono-Tek Co. (NASDAQ:SOTK)

Bard Associates Inc. lifted its holdings in Sono-Tek Co. (NASDAQ:SOTK) by 5.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 56,431 shares of the industrial products company’s stock after purchasing an additional 3,006 shares during the quarter. Bard Associates Inc.’s holdings in Sono-Tek were worth $226,000 at the end of the most recent reporting period.

Separately, Geode Capital Management LLC grew its holdings in Sono-Tek by 11.5% in the third quarter. Geode Capital Management LLC now owns 125,355 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 12,900 shares during the period. 47.89% of the stock is owned by institutional investors and hedge funds.

Sono-Tek Stock Up 2.7 %

Shares of NASDAQ SOTK opened at $3.78 on Wednesday. The firm has a market cap of $59.54 million, a price-to-earnings ratio of 54.00 and a beta of -0.20. The company’s 50-day simple moving average is $3.95 and its 200-day simple moving average is $4.20. Sono-Tek Co. has a 52-week low of $3.50 and a 52-week high of $6.05.

Sono-Tek (NASDAQ:SOTK) last issued its quarterly earnings results on Monday, January 13th. The industrial products company reported $0.02 earnings per share 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%. Equities research analysts anticipate that Sono-Tek Co. will post 0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.