Sono-Tek (NASDAQ:SOTK) Posts Earnings Results

Sono-Tek (NASDAQ:SOTK) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02, Yahoo Finance reports. Sono-Tek had a net margin of 8.14% and a return on equity of 10.69%. The business had revenue of $5.16 million during the quarter, compared to the consensus estimate of $5.23 million. During the same period in the previous year, the firm posted $0.03 earnings per share.

Sono-Tek Price Performance

NASDAQ SOTK opened at $4.49 on Thursday. The company has a fifty day moving average of $4.11 and a 200 day moving average of $4.24. The company has a market capitalization of $70.72 million, a PE ratio of 44.90 and a beta of -0.28. Sono-Tek has a 1 year low of $3.50 and a 1 year high of $6.12.

Analyst Ratings Changes

Separately, Northland Securities reiterated an “outperform” rating and set a $10.00 price target on shares of Sono-Tek in a research note on Wednesday.

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.