Sono-Tek Corp (NASDAQ: SOTK). Extremely significant positive changes in investment behavior have recently occurred: the stock rose on very heavy volume, and positive upside/downside volume developed.
Sono-Tek Corp (NASDAQ: SOTK) has benefited from meaningful positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, SOTK is expected to continue to be Value Creation neutral.
Sono-Tek has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Sono-Tek has a very low Power Rating of 11 and a very low Appreciation Score of 9, triggering the Lowest Value Trend Rating.
Recent Price Action
On 10/1/24, Sono-Tek Corp (NASDAQ: SOTK) stock enjoyed a large increase of 3.7%, closing at $4.18. Moreover, trading volume in this advance was exceptionally high at 269% of normal. Relative to the market the stock has been weak over the last nine months but has risen 6.4% during the last week.
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