Sono-Tek (NASDAQ:SOTK) Announces Earnings Results, Meets Expectations

Sono-Tek (NASDAQ:SOTK) released its earnings results on Wednesday. The industrial products company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05, RTT News reports. The company had revenue of $5.66 million for the quarter, compared to analysts’ expectations of $5.60 million. Sono-Tek had a return on equity of 10.74% and a net margin of 9.62%.During the same period in the previous year, the business posted $0.03 EPS.

Sono-Tek Price Performance

SOTK opened at $5.52 on Friday. Sono-Tek has a 1 year low of $3.23 and a 1 year high of $6.24. The stock’s 50 day simple moving average is $5.19 and its 200 day simple moving average is $4.51. The firm has a market cap of $86.72 million, a price-to-earnings ratio of 42.46 and a beta of -0.05.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SOTK shares. Truist Financial set a $8.50 price objective on Sono-Tek in a research report on Friday, March 13th. Weiss Ratings raised Sono-Tek from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Sono-Tek has an average rating of “Moderate Buy” and an average target price of $8.50.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP lifted its position in shares of Sono-Tek by 28.2% in the 3rd quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 3,389 shares during the period. Dimensional Fund Advisors LP lifted its position in Sono-Tek by 29.8% during the third quarter. Dimensional Fund Advisors LP now owns 18,773 shares of the industrial products company’s stock valued at $84,000 after buying an additional 4,305 shares during the period. HM Payson & Co. purchased a new position in Sono-Tek during the 4th quarter valued at about $89,000. Finally, Renaissance Technologies LLC boosted its stake in Sono-Tek by 62.6% during the fourth quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock worth $260,000 after acquiring an additional 24,239 shares in the last quarter. 47.89% of the stock is currently owned by institutional investors.

About Sono-Tek

Sono-Tek Corporation is a specialized equipment manufacturer that designs, develops and sells ultrasonic spray coating systems for precision fluid delivery. The company’s core technology uses high-frequency ultrasonic vibrations to generate fine, uniform droplets that can be applied to a broad range of substrates with minimal waste and high accuracy. This method enables precise control over coating thickness, distribution and material usage, making it well suited to applications requiring micro-scale deposition and tight process tolerances.

The company’s product portfolio includes bench-top research and development stations, pilot-scale units and full production systems.