Sono-Tek Corporation (SOTK) stock has gained 0.17% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
Sono-Tek Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SOTK!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With SOTK Stock Today?
Sono-Tek Corporation (SOTK) stock is higher by 4.58% while the S&P 500 is down -0.41% as of 2:35 PM on Tuesday, Sep 6. SOTK has risen $0.26 from the previous closing price of $5.56 on volume of 14,682 shares. Over the past year the S&P 500 has fallen -13.54% while SOTK has risen 74.77%. SOTK earned $0.10 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 24.79.
To see InvestorsObserver's Sentiment Score for Sono-Tek Corporation click here.
More About Sono-Tek Corporation
Sono-Tek Corp designs and manufactures ultrasonic coating systems that apply precise, thin film coatings to a multitude of products for the microelectronics/electronics, alternative energy, medical and industrial markets, including specialized glass applications in construction and automotive. It sell products to emerging research and development and other markets. Its ultrasonic nozzle systems use high frequency, ultrasonic vibrations that atomize liquids into minute drops that can be applied to surfaces at low velocity providing thin layers of protective materials over a surface such as glass or metals.
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