Sono-Tek (NASDAQ:SOTK – Get Free Report) posted its quarterly earnings data on Thursday. The industrial products company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01, FiscalAI reports. Sono-Tek had a net margin of 7.72% and a return on equity of 8.54%. The firm had revenue of $5.61 million for the quarter, compared to analysts’ expectations of $5.59 million.
Sono-Tek Stock Up 0.6%
Sono-Tek stock opened at $5.31 on Thursday. The company’s fifty day simple moving average is $4.47 and its 200-day simple moving average is $4.21. Sono-Tek has a 12 month low of $3.23 and a 12 month high of $5.70. The stock has a market cap of $83.42 million, a P/E ratio of 53.11 and a beta of 0.01.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on SOTK shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sono-Tek in a research note on Friday, March 27th. Truist Financial set a $8.50 target price on Sono-Tek in a research note on Friday, March 13th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.50.
Institutional Investors Weigh In On Sono-Tek
Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Sono-Tek by 12.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,200 shares of the industrial products company’s stock valued at $88,000 after buying an additional 2,427 shares in the last quarter. Susquehanna International Group LLP grew its stake 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 valued at $69,000 after buying an additional 3,389 shares in the last quarter. HM Payson & Co. bought a new stake in shares of Sono-Tek in the 4th quarter valued at approximately $89,000. Finally, Renaissance Technologies LLC grew its stake in shares of Sono-Tek by 62.6% in the 4th quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock valued at $260,000 after buying an additional 24,239 shares in the last quarter. Institutional investors own 47.89% of the company’s stock.
Sono-Tek Company Profile
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.
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