Sono-Tek (NASDAQ:SOTK - Get Free Report)'s stock had its "market perform" rating restated by research analysts at Northland Securities in a research note issued to investors on Thursday,Benzinga reports.
Sono-Tek Stock Down 2.6%
Shares of SOTK stock traded down $0.10 during trading hours on Thursday, hitting $3.75. 2,087 shares of the company's stock were exchanged, compared to its average volume of 11,756. Sono-Tek has a fifty-two week low of $3.50 and a fifty-two week high of $6.05. The firm has a market cap of $58.98 million, a P/E ratio of 53.57 and a beta of -0.02. The firm has a 50 day moving average of $3.78 and a two-hundred day moving average of $3.98.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.01 by $0.07. The company had revenue of $5.12 million during the quarter, compared to analyst estimates 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 in the previous year, the firm earned $0.01 EPS. On average, equities analysts forecast that Sono-Tek will post 0.07 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Sono-Tek
A number of hedge funds have recently made changes to their positions in the company. Bard Associates Inc. increased its position in shares of Sono-Tek by 5.6% during the fourth quarter. Bard Associates Inc. now owns 56,431 shares of the industrial products company's stock worth $226,000 after purchasing an additional 3,006 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Sono-Tek in the fourth quarter valued at about $3,101,000. Finally, Northern Trust Corp lifted its stake 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 buying an additional 15,212 shares in the last quarter. Institutional investors and hedge funds own 47.89% of the company's stock.
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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