Sono-Tek (NASDAQ:SOTK - Get Free Report)'s stock had its "market perform" rating reissued by investment analysts at Northland Securities in a research report issued on Thursday,Benzinga reports.
Sono-Tek Trading Up 1.8%
NASDAQ SOTK traded up $0.07 during trading hours on Thursday, reaching $3.86. 6,534 shares of the company traded hands, compared to its average volume of 11,761. Sono-Tek has a 12 month low of $3.50 and a 12 month high of $6.05. The stock has a market capitalization of $60.80 million, a PE ratio of 55.14 and a beta of -0.02. The company has a 50 day moving average of $3.78 and a two-hundred day moving average of $3.99.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.07. 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 the consensus estimate of $5.12 million. During the same period in the prior year, the firm posted $0.01 EPS. On average, equities research analysts anticipate that Sono-Tek will post 0.07 earnings per share 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 stake in Sono-Tek by 58.8% during the 4th quarter. Northern Trust Corp now owns 41,081 shares of the industrial products company's stock valued at $165,000 after buying an additional 15,212 shares during the period. Bard Associates Inc. increased its stake in Sono-Tek by 5.6% during the 4th quarter. Bard Associates Inc. now owns 56,431 shares of the industrial products company's stock valued at $226,000 after buying an additional 3,006 shares during the period. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of Sono-Tek in the 4th quarter worth approximately $3,101,000. Institutional investors and hedge funds own 47.89% of the company's stock.
Sono-Tek Company Profile
(
Get Free Report)
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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