Northland Capmk cut shares of Sono-Tek (NASDAQ:SOTK - Free Report) from a strong-buy rating to a hold rating in a research report released on Thursday morning,Zacks.com reports. Northland Capmk also issued estimates for Sono-Tek's Q1 2026 earnings at $0.02 EPS, Q3 2026 earnings at $0.00 EPS, Q4 2026 earnings at $0.00 EPS, FY2026 earnings at $0.04 EPS, FY2027 earnings at $0.06 EPS, FY2028 earnings at $0.06 EPS, FY2029 earnings at $0.06 EPS and FY2030 earnings at $0.06 EPS.
Separately, Northland Securities reaffirmed a "market perform" rating on shares of Sono-Tek in a research note on Thursday.
Check Out Our Latest Analysis on Sono-Tek
Sono-Tek Stock Up 1.8%
Shares of SOTK traded up $0.07 on Thursday, hitting $3.86. 6,534 shares of the stock traded hands, compared to its average volume of 11,794. The firm has a market capitalization of $60.80 million, a P/E ratio of 55.14 and a beta of -0.02. The stock's 50 day moving average is $3.78 and its two-hundred day moving average is $3.98. Sono-Tek has a 1 year low of $3.50 and a 1 year high of $6.05.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.07. The company had revenue of $5.12 million for the quarter, compared to the consensus estimate of $5.12 million. Sono-Tek had a net margin of 5.47% and a return on equity of 6.55%. During the same quarter last year, the firm posted $0.01 earnings per share. Research analysts forecast that Sono-Tek will post 0.07 EPS for the current year.
Hedge Funds Weigh In On Sono-Tek
Large investors have recently bought and sold shares of the stock. Northern Trust Corp increased its position in shares of Sono-Tek by 58.8% in the fourth quarter. Northern Trust Corp now owns 41,081 shares of the industrial products company's stock worth $165,000 after acquiring an additional 15,212 shares in the last quarter. Bard Associates Inc. increased its position in shares of Sono-Tek by 5.6% in the fourth quarter. Bard Associates Inc. now owns 56,431 shares of the industrial products company's stock worth $226,000 after acquiring an additional 3,006 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of Sono-Tek in the fourth quarter worth $3,101,000. Hedge funds and other institutional investors own 47.89% of the company's stock.
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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