Northland Securities Reiterates “Outperform” Rating for Sono-Tek (NASDAQ:SOTK)

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

Sono-Tek Trading Down 1.2 %

NASDAQ SOTK opened at $4.44 on Wednesday. The business’s 50 day moving average is $4.14 and its two-hundred day moving average is $4.23. The stock has a market capitalization of $69.85 million, a price-to-earnings ratio of 44.35 and a beta of -0.28. Sono-Tek has a 12-month low of $3.50 and a 12-month high of $6.12.

Sono-Tek (NASDAQ:SOTK) last released its earnings results on Tuesday, October 15th. The industrial products company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. Sono-Tek had a return on equity of 10.69% and a net margin of 8.14%. The company had revenue of $5.16 million during the quarter, compared to the consensus estimate of $5.23 million. During the same quarter last year, the company earned $0.03 earnings per share. Equities analysts forecast that Sono-Tek will post 0.07 earnings per share 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.