Signature Estate & Investment Advisors LLC Makes New Investment in Sono-Tek Co. (NASDAQ:SOTK)

Signature Estate & Investment Advisors LLC acquired a new position in shares of Sono-Tek Co. (NASDAQ:SOTK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 773,386 shares of the industrial products company’s stock, valued at approximately $3,101,000. Signature Estate & Investment Advisors LLC owned about 4.91% of Sono-Tek at the end of the most recent reporting period.

Separately, Geode Capital Management LLC lifted its position in shares of 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 buying an additional 12,900 shares during the last quarter. 47.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Sono-Tek Stock Performance

Shares of SOTK opened at $3.68 on Tuesday. The firm’s 50-day simple moving average is $3.81 and its 200 day simple moving average is $4.15. The firm has a market cap of $57.96 million, a P/E ratio of 52.57 and a beta of -0.24. Sono-Tek Co. has a 52 week low of $3.50 and a 52 week high of $6.05.

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

About Sono-Tek

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.