Sono-Tek (NASDAQ:SOTK – Get Free Report) released its earnings results on Monday. The industrial products company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02, Zacks reports. Sono-Tek had a return on equity of 9.20% and a net margin of 7.36%.
Sono-Tek Stock Performance
NASDAQ:SOTK opened at $3.92 on Monday. The company has a market cap of $61.74 million, a price-to-earnings ratio of 43.56 and a beta of -0.20. Sono-Tek has a fifty-two week low of $3.50 and a fifty-two week high of $6.12. The stock has a fifty day moving average price of $4.43 and a 200-day moving average price of $4.22.
Analyst Ratings Changes
Separately, Northland Securities restated an “outperform” rating and issued a $10.00 price target on shares of Sono-Tek in a research note on Wednesday, October 16th.
About Sono-Tek
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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