Sono-Tek (NASDAQ:SOTK) Upgraded to “Strong-Buy” at Zacks Research

Sono-Tek (NASDAQ:SOTK) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sono-Tek in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.50.

Sono-Tek Stock Performance

SOTK stock opened at $4.13 on Tuesday. Sono-Tek has a 1 year low of $3.23 and a 1 year high of $6.05. The stock’s fifty day moving average is $3.84 and its two-hundred day moving average is $3.75. The stock has a market capitalization of $64.96 million, a price-to-earnings ratio of 41.30 and a beta of -0.21.

Sono-Tek (NASDAQ:SOTK) last issued its quarterly earnings data on Tuesday, October 14th. The industrial products company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Sono-Tek had a net margin of 7.33% and a return on equity of 8.48%. The business had revenue of $5.16 million for the quarter, compared to analysts’ expectations of $5.25 million. During the same period in the previous year, the business earned $0.02 earnings per share. As a group, analysts predict that Sono-Tek will post 0.07 EPS for the current fiscal year.

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.