Sono-Tek Co. (NASDAQ:SOTK) Shares Bought by Bard Associates Inc.

Bard Associates Inc. grew its position in shares of Sono-Tek Co. (NASDAQ:SOTK) by 29.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,425 shares of the industrial products company’s stock after acquiring an additional 12,220 shares during the quarter. Bard Associates Inc. owned about 0.34% of Sono-Tek worth $215,000 at the end of the most recent quarter.

Analyst Upgrades and Downgrades

Separately, Northland Securities reaffirmed an “outperform” rating and issued a $10.00 target price on shares of Sono-Tek in a research report on Wednesday, October 16th.

Sono-Tek Price Performance

Shares of NASDAQ SOTK opened at $4.47 on Friday. Sono-Tek Co. has a 1-year low of $3.50 and a 1-year high of $6.12. The business has a 50-day moving average of $4.25 and a 200-day moving average of $4.24. The company has a market capitalization of $70.39 million, a price-to-earnings ratio of 49.66 and a beta of -0.28.

Sono-Tek (NASDAQ:SOTK) last issued its earnings results on Tuesday, October 15th. The industrial products company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Sono-Tek had a return on equity of 9.20% and a net margin of 7.36%. The company had revenue of $5.16 million during the quarter, compared to the consensus estimate of $5.23 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. Research analysts expect that Sono-Tek Co. will post 0.07 EPS for the current fiscal year.

About Sono-Tek

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.