Sono-Tek (NASDAQ:SOTK - Get Free Report) issued its quarterly earnings data on Wednesday. The industrial products company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.01 by $0.07, RTT News reports. Sono-Tek had a net margin of 5.47% and a return on equity of 6.55%. The firm 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 business posted $0.01 EPS.
Sono-Tek Stock Down 2.6%
SOTK stock traded down $0.10 during midday trading on Monday, hitting $3.75. The company's stock had a trading volume of 2,087 shares, compared to its average volume of 11,756. The firm has a 50-day simple moving average of $3.78 and a 200-day simple moving average of $3.98. The firm has a market capitalization of $58.98 million, a P/E ratio of 53.57 and a beta of -0.02. Sono-Tek has a 52-week low of $3.50 and a 52-week high of $6.05.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on SOTK. Northland Securities restated a "market perform" rating on shares of Sono-Tek in a research report on Thursday. Northland Capmk downgraded Sono-Tek from a "strong-buy" rating to a "hold" rating in a research report on Thursday.
View Our Latest Stock Analysis 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.
Further Reading
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