Sono-Tek (NASDAQ:SOTK – Get Free Report) announced its quarterly earnings results on Monday. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02, Zacks reports. Sono-Tek had a net margin of 7.36% and a return on equity of 9.20%.
Sono-Tek Price Performance
Shares of NASDAQ SOTK opened at $3.92 on Monday. The company has a 50 day simple moving average of $4.43 and a 200 day simple moving average of $4.22. Sono-Tek has a 1 year low of $3.50 and a 1 year high of $6.12. The firm has a market cap of $61.74 million, a PE ratio of 43.56 and a beta of -0.20.
Analyst Ratings Changes
Separately, Northland Securities restated an “outperform” rating and set a $10.00 price objective on shares of Sono-Tek in a research report on Wednesday, October 16th.
Sono-Tek Company Profile
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 nozzles and generators for manufacturers' equipment.
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