Sono-Tek (NASDAQ:SOTK) Releases Quarterly Earnings Results, Meets Estimates

Sono-Tek (NASDAQ:SOTK) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05, RTT News reports. The company had revenue of $5.66 million for the quarter, compared to analysts’ expectations of $5.60 million. Sono-Tek had a return on equity of 9.52% and a net margin of 8.64%.During the same period last year, the firm posted $0.03 EPS.

Sono-Tek Stock Performance

Shares of SOTK stock opened at $5.15 on Wednesday. Sono-Tek has a fifty-two week low of $3.23 and a fifty-two week high of $6.24. The stock has a 50 day moving average price of $5.16 and a two-hundred day moving average price of $4.48. The company has a market capitalization of $80.93 million, a P/E ratio of 46.82 and a beta of -0.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SOTK shares. Truist Financial set a $8.50 price objective on shares of Sono-Tek in a report on Friday, March 13th. Weiss Ratings upgraded shares of Sono-Tek from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Sono-Tek currently has an average rating of “Moderate Buy” and a consensus price target of $8.50.

Institutional Investors Weigh In On Sono-Tek

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Sono-Tek by 12.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,200 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 2,427 shares during the period. Susquehanna International Group LLP increased its holdings in Sono-Tek by 28.2% during the 3rd quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 3,389 shares during the period. HM Payson & Co. bought a new position in Sono-Tek during the 4th quarter valued at approximately $89,000. Finally, Renaissance Technologies LLC raised its position in Sono-Tek by 62.6% during the 4th quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 24,239 shares during the last quarter. Institutional investors own 47.89% of the company’s stock.

Sono-Tek Company Profile

Sono-Tek Corporation is a specialized equipment manufacturer that designs, develops and sells ultrasonic spray coating systems for precision fluid delivery. The company’s core technology uses high-frequency ultrasonic vibrations to generate fine, uniform droplets that can be applied to a broad range of substrates with minimal waste and high accuracy. This method enables precise control over coating thickness, distribution and material usage, making it well suited to applications requiring micro-scale deposition and tight process tolerances.

The company’s product portfolio includes bench-top research and development stations, pilot-scale units and full production systems.