Sono-Tek (NASDAQ:SOTK - Get Free Report) announced 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, Zacks reports. The company had revenue of $5,121 billion for the quarter, compared to analyst estimates of $5.24 million. Sono-Tek had a return on equity of 7.40% and a net margin of 6.21%. During the same quarter last year, the firm earned $0.02 EPS.
Sono-Tek Stock Performance
Sono-Tek stock traded down $0.04 on Friday, reaching $3.71. The company's stock had a trading volume of 3,828 shares, compared to its average volume of 11,215. The company has a market cap of $58.27 million, a price-to-earnings ratio of 46.32 and a beta of -0.06. The business's fifty day moving average price is $3.80 and its 200 day moving average price is $3.82. Sono-Tek has a twelve month low of $3.50 and a twelve month high of $6.05.
Analysts Set New Price Targets
Several equities analysts recently commented on the company. Northland Capmk downgraded Sono-Tek from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 29th. Northland Securities reissued a "market perform" rating on shares of Sono-Tek in a research note on Thursday, May 29th.
Check Out Our Latest Report on Sono-Tek
Sono-Tek Company Profile
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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.
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