Sono-Tek Corp. Stock Gains 18% After Receiving Three Purchase Orders Worth $7.19 Mln

(RTTNews) - Shares of Sono-Tek Corporation (SOTK) are gaining about 18 percent on Wednesday morning after the company announced that it has received three purchase orders totaling approximately $7.19 million from an existing customer in the clean energy sector.

The company's shares are currently trading at $5.91 on the Nasdaq, up 18.41 percent. The stock opened at $5.53 and has climbed as high as $6.38 so far in today's session. Over the past year, it has traded in a range of $3.40 to $.38.

The orders include 10 production-scale coating systems for shipment to three different geographic locations and represent the largest aggregate customer order in Sono-Tek's history.