Recent extremely meaningful positive changes in investment behavior have benefitted Sono-Tek Corp (NASDAQ: SOTK): the stock rose on very heavy volume, and positive upside/downside volume developed.
Notable positive changes in fundamentals have recently occurred for Sono-Tek Corp (NASDAQ: SOTK): 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 Appreciation Score of 9 and a very low Power Rating of 5, with the Lowest Value Trend Rating the result.
Recent Price Action
On 10/16/24, Sono-Tek Corp (NASDAQ: SOTK) stock rose slightly by 0.2%, closing at $4.49. Moreover, trading volume in this advance was exceptionally high at 201% of normal. The stock has risen 10.3% during the last week but has been weak relative to the market over the last nine months.
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