Sono-Tek (NASDAQ:SOTK) Downgraded by Northland Capmk to Hold

Northland Capmk downgraded shares of Sono-Tek (NASDAQ:SOTK - Free Report) from a strong-buy rating to a hold rating in a research report report published on Thursday,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 restated a "market perform" rating on shares of Sono-Tek in a research report on Thursday, May 29th.

Sono-Tek Stock Performance

Shares of NASDAQ:SOTK traded up $0.08 during midday trading on Thursday, reaching $3.80. The company had a trading volume of 2,215 shares, compared to its average volume of 8,242. Sono-Tek has a 1-year low of $3.50 and a 1-year high of $6.05. The firm has a market cap of $59.77 million, a price-to-earnings ratio of 54.29 and a beta of -0.02. The company has a fifty day simple moving average of $3.78 and a two-hundred day simple moving average of $3.98.

Sono-Tek (NASDAQ:SOTK - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.07. Sono-Tek had a return on equity of 6.55% and a net margin of 5.47%. The business had revenue of $5.12 million during the quarter, compared to analyst estimates of $5.12 million. During the same quarter last year, the company posted $0.01 EPS. Analysts expect that Sono-Tek will post 0.07 EPS for the current year.

Institutional Investors Weigh In On Sono-Tek

Several large investors have recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC bought a new stake in shares of Sono-Tek in the 4th quarter valued at approximately $3,101,000. Bard Associates Inc. boosted 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 valued at $226,000 after acquiring an additional 3,006 shares during the period. Finally, Northern Trust Corp lifted its position in 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 purchasing an additional 15,212 shares during the period. Institutional investors own 47.89% of the company's stock.

About Sono-Tek

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.