Sono-Tek’s (SOTK) Outperform Rating Reaffirmed at Northland Securities

Northland Securities reiterated their outperform rating on shares of Sono-Tek (NASDAQ:SOTK) in a report issued on Wednesday morning, Benzinga reports. Northland Securities currently has a $10.00 price objective on the industrial products company’s stock.

Sono-Tek Trading Up 0.2 %

SOTK opened at $4.49 on Wednesday. The stock has a market capitalization of $70.72 million, a P/E ratio of 44.90 and a beta of -0.28. The stock has a 50-day moving average price of $4.11 and a 200-day moving average price of $4.24. Sono-Tek has a 12-month low of $3.50 and a 12-month high of $6.12.

Sono-Tek (NASDAQ:SOTK) last issued its earnings results on Tuesday, October 15th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $5.16 million during the quarter, compared to analyst estimates of $5.23 million. Sono-Tek had a return on equity of 10.69% and a net margin of 8.14%. During the same quarter in the prior year, the firm earned $0.03 earnings per share. On average, equities research analysts predict that Sono-Tek will post 0.07 EPS for the current year.

Sono-Tek Company Profile

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.