Sono-Tek (NASDAQ:SOTK - Get Free Report) released its quarterly earnings results on Wednesday. The industrial products company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.07, RTT News reports. 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 for the quarter, compared to analyst estimates of $5.12 million. During the same period in the prior year, the company earned $0.01 EPS.
Sono-Tek Stock Up 1.8%
Sono-Tek stock traded up $0.07 during mid-day trading on Friday, hitting $3.86. 6,534 shares of the company's stock were exchanged, compared to its average volume of 11,761. The company's 50 day simple moving average is $3.78 and its 200-day simple moving average is $3.99. The firm has a market capitalization of $60.80 million, a P/E ratio of 55.14 and a beta of -0.02. Sono-Tek has a fifty-two week low of $3.50 and a fifty-two week high of $6.05.
Analyst Upgrades and Downgrades
SOTK has been the topic of several research reports. Northland Securities reaffirmed a "market perform" rating on shares of Sono-Tek in a report on Thursday. Northland Capmk downgraded Sono-Tek from a "strong-buy" rating to a "hold" rating in a research note on Thursday.
Read Our Latest Stock Analysis on Sono-Tek
About Sono-Tek
(
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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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