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. It also designs and manufactures custom-engineered ultrasonic coating systems; and provides nozzles and generators for manufacturers' equipment. The company's products include integrated multi-axis coating systems, integrated coating systems, fluxing systems, OEM systems, and other related systems. It markets and distributes its products through independent distributors and sales representatives. The company was incorporated in 1975 and is based in Milton, New York.
Wall Street Analysts Forecast Growth
Separately, TheStreet lowered shares of Sono-Tek from a "b" rating to a "c+" rating in a research report on Tuesday, July 19th.
Sono-Tek Stock Performance
NASDAQ:SOTK opened at $5.19 on Tuesday. Sono-Tek has a one year low of $2.69 and a one year high of $9.49. The firm has a market cap of $81.64 million, a price-to-earnings ratio of 51.91 and a beta of 0.04. The firm's fifty day moving average is $6.40 and its two-hundred day moving average is $5.99.
Sono-Tek (NASDAQ:SOTK - Get Rating) last posted its quarterly earnings results on Friday, July 15th. The industrial products company reported $0.02 EPS for the quarter. Sono-Tek had a net margin of 9.02% and a return on equity of 11.83%. The company had revenue of $4.05 million for the quarter.
Insider Transactions at Sono-Tek
In related news, CFO Stephen James Bagley sold 5,295 shares of the company's stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $6.62, for a total transaction of $35,052.90. Following the completion of the transaction, the chief financial officer now owns 56,748 shares in the company, valued at approximately $375,671.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.64% of the company's stock.