Sono-Tek (NASDAQ:SOTK) Earns “Outperform” Rating from Northland Securities

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

Sono-Tek Stock Up 0.2 %

Shares of NASDAQ SOTK opened at $4.49 on Wednesday. The company has a market cap of $70.72 million, a price-to-earnings ratio of 44.90 and a beta of -0.28. The firm’s fifty day moving average is $4.11 and its 200 day moving average is $4.24. Sono-Tek has a 52 week low of $3.50 and a 52 week high of $6.12.

Sono-Tek (NASDAQ:SOTK) last issued its quarterly earnings data on Tuesday, October 15th. The industrial products company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $5.16 million during the quarter, compared to the consensus estimate of $5.23 million. Sono-Tek had a net margin of 8.14% and a return on equity of 10.69%. During the same period in the prior year, the firm posted $0.03 earnings per share. Equities research analysts anticipate that Sono-Tek will post 0.07 earnings per share 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.