Sono-Tek (OTCMKTS:SOTK) Stock Passes Above 50 Day Moving Average of $2.59
Shares of Sono-Tek Co. (OTCMKTS:SOTK) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.59 and traded as high as $2.56. Sono-Tek shares last traded at $2.56, with a volume of 12,400 shares.
The company has a current ratio of 3.03, a quick ratio of 2.27 and a debt-to-equity ratio of 0.08. The company’s fifty day simple moving average is $2.59 and its two-hundred day simple moving average is $2.46.
In other news, CEO Christopher L. Coccio sold 10,470 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $2.72, for a total value of $28,478.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Christopher L. Coccio sold 14,830 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $2.43, for a total transaction of $36,036.90. Following the completion of the transaction, the chief executive officer now owns 354,241 shares in the company, valued at $860,805.63. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,480 shares of company stock valued at $150,628. 16.10% of the stock is owned by company 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.
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