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

Northland Securities reiterated their outperform rating on shares of Sono-Tek (NASDAQ:SOTK) in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a $10.00 price objective on the industrial products company’s stock.

Sono-Tek Stock Performance

Shares of SOTK stock opened at $4.44 on Wednesday. The stock has a 50 day moving average price of $4.14 and a 200 day moving average price of $4.23. The firm has a market capitalization of $69.85 million, a P/E ratio of 44.35 and a beta of -0.28. Sono-Tek has a 52-week low of $3.50 and a 52-week high of $6.12.

Sono-Tek (NASDAQ:SOTK) last posted its quarterly earnings results on Tuesday, October 15th. The industrial products company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $5.16 million for 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 quarter last year, the firm posted $0.03 EPS. As a group, sell-side analysts forecast that Sono-Tek will post 0.07 EPS 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.