Sono-Tek (NASDAQ:SOTK) Releases Quarterly Earnings Results, Meets Estimates

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

Sono-Tek Price Performance

Shares of Sono-Tek stock opened at $4.49 on Thursday. Sono-Tek has a 1-year low of $3.50 and a 1-year high of $6.12. The company has a market capitalization of $70.72 million, a P/E ratio of 44.90 and a beta of -0.28. The business’s fifty day moving average price is $4.11 and its two-hundred day moving average price is $4.24.

Analysts Set New Price Targets

Separately, Northland Securities restated an “outperform” rating and issued a $10.00 target price on shares of Sono-Tek in a research report 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.