Sono-Tek (OTCMKTS:SOTK) announced its earnings results on Tuesday. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01, MarketWatch Earnings reports. Sono-Tek had a return on equity of 11.07% and a net margin of 14.76%.
OTCMKTS SOTK opened at $6.49 on Thursday. The company has a market cap of $100.63 million, a P/E ratio of 46.36, a P/E/G ratio of 4.10 and a beta of -0.12. The stock has a 50-day moving average of $3.64 and a two-hundred day moving average of $3.79. Sono-Tek has a 1-year low of $2.67 and a 1-year high of $6.74.
A number of brokerages have recently issued reports on SOTK. Zacks Investment Research lowered Sono-Tek from a “buy” rating to a “hold” rating in a research report on Thursday, August 19th. TheStreet upgraded Sono-Tek from a “c” rating to a “b-” rating in a report on Friday, August 27th.
Sono-Tek Corp. engages in the design and manufacture of ultrasonic coating systems. The firm also provides patented nozzles and generators for manufacturers equipment. Its products categories include electronics, energy, medical, glass, food, textiles, nanotechnology, and industrial. The company was founded by Harvey L.
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