Sono-Tek (NASDAQ:SOTK) Issues Earnings Results

Sono-Tek (NASDAQ:SOTKGet Free Report) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05, RTT News reports. Sono-Tek had a return on equity of 9.52% and a net margin of 8.64%.The firm had revenue of $5.66 million for the quarter, compared to analysts’ expectations of $5.60 million. During the same period in the prior year, the business posted $0.03 earnings per share.

Sono-Tek Trading Down 7.9%

Shares of NASDAQ SOTK opened at $5.15 on Wednesday. The business has a 50-day moving average of $5.16 and a 200-day moving average of $4.48. The firm has a market capitalization of $80.93 million, a price-to-earnings ratio of 46.82 and a beta of -0.05. Sono-Tek has a 12 month low of $3.23 and a 12 month high of $6.24.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SOTK. Weiss Ratings raised shares of Sono-Tek from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 25th. Truist Financial set a $8.50 price target on shares of Sono-Tek in a report on Friday, March 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Read Our Latest Analysis on SOTK

Hedge Funds Weigh In On Sono-Tek

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of Sono-Tek by 12.9% during 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 position in Sono-Tek by 28.2% in the third quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 3,389 shares in the last quarter. HM Payson & Co. bought a new position in Sono-Tek in the fourth quarter valued at $89,000. Finally, Renaissance Technologies LLC increased its stake in Sono-Tek by 62.6% in the fourth quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 24,239 shares during the last quarter. Hedge funds and other institutional investors own 47.89% of the company’s stock.

Sono-Tek Company Profile

(Get Free Report)

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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Earnings History for Sono-Tek (NASDAQ:SOTK)

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