Sono-Tek (NASDAQ:SOTK) Stock Rating Lowered by Wall Street Zen

Sono-Tek (NASDAQ:SOTK) was downgraded by Wall Street Zen from a “strong-buy” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Sono-Tek from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $8.50.

Sono-Tek Stock Performance

Shares of NASDAQ SOTK opened at $6.16 on Friday. The firm has a market cap of $97.02 million, a price-to-earnings ratio of 51.33 and a beta of 0.07. The business’s 50-day simple moving average is $5.37 and its 200-day simple moving average is $5.12. Sono-Tek has a 52 week low of $3.40 and a 52 week high of $7.48.

Sono-Tek (NASDAQ:SOTK) last issued its quarterly earnings data on Wednesday, October 14th. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Sono-Tek had a net margin of 9.32% and a return on equity of 9.95%. The company had revenue of $5.23 million during the quarter, compared to the consensus estimate of $5.54 million. As a group, equities research analysts forecast that Sono-Tek will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In other Sono-Tek news, CFO Stephen Bagley sold 8,346 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $5.13, for a total transaction of $42,814.98. Following the completion of the sale, the chief financial officer directly owned 21,254 shares in the company, valued at $109,033.02. This represents a 28.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 13,000 shares of company stock worth $67,666. 5.57% of the stock is owned by insiders.

Hedge Funds Weigh In On Sono-Tek

Institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Sono-Tek during the 2nd quarter worth about $73,000. Renaissance Technologies LLC boosted its stake in Sono-Tek by 41.6% during the 1st quarter. Renaissance Technologies LLC now owns 89,100 shares of the industrial products company’s stock valued at $362,000 after purchasing an additional 26,161 shares during the period. BlackRock Inc. bought a new stake in Sono-Tek during the 2nd quarter valued at approximately $179,000. Finally, Bard Associates Inc. bought a new stake in Sono-Tek during the 2nd quarter valued at approximately $349,000. 47.89% of the stock is currently owned by institutional investors.

About Sono-Tek

Sono-Tek Corporation develops and manufactures ultrasonic coating and precision liquid-deposition systems. Its technology uses high-frequency sound waves to atomize liquids into a controlled spray, enabling uniform application of coatings, adhesives, lubricants, and other materials while minimizing overspray and material waste.

The company’s products include ultrasonic spray nozzles, integrated coating systems, and customized solutions designed for automated manufacturing processes. Sono-Tek also provides application development, process optimization, installation, training, and technical support to help customers integrate its equipment into production lines.

Sono-Tek’s systems are used across a range of industries, including medical devices, electronics, semiconductor and advanced technology manufacturing, alternative energy, glass, textiles, and other industrial applications.