Sono-Tek (OTCMKTS:SOTK) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Sono-Tek (OTCMKTS:SOTK) announced its earnings results on Tuesday. The industrial products company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01, MarketWatch Earnings reports. Sono-Tek had a return on equity of 11.07% and a net margin of 14.76%.

Sono-Tek stock traded up $1.99 during trading hours on Thursday, reaching $6.49. The company had a trading volume of 2,238,764 shares, compared to its average volume of 22,087. The company has a 50-day moving average price of $3.64 and a 200 day moving average price of $3.79. The firm has a market cap of $100.63 million, a price-to-earnings ratio of 46.36, a P/E/G ratio of 4.10 and a beta of -0.12. Sono-Tek has a 12-month low of $2.67 and a 12-month high of $6.74.

A number of equities research analysts recently commented on SOTK shares. Zacks Investment Research lowered Sono-Tek from a “buy” rating to a “hold” rating in a research report on Thursday, August 19th. TheStreet upgraded Sono-Tek from a “c” rating to a “b-” rating in a research note on Friday, August 27th.

About Sono-Tek

Sono-Tek Corp. engages in the design and manufacture of ultrasonic coating systems. The firm also provides patented nozzles and generators for manufacturers equipment. Its products categories include electronics, energy, medical, glass, food, textiles, nanotechnology, and industrial. The company was founded by Harvey L.

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Earnings History for Sono-Tek (OTCMKTS:SOTK)

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