Sono-Tek (NASDAQ:SOTK) Announces Earnings Results

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

Sono-Tek Trading Up 3.7%

NASDAQ SOTK opened at $5.34 on Thursday. The company has a 50-day moving average price of $5.17 and a two-hundred day moving average price of $4.49. Sono-Tek has a 52 week low of $3.23 and a 52 week high of $6.24. The stock has a market cap of $83.89 million, a price-to-earnings ratio of 48.55 and a beta of -0.05.

Hedge Funds Weigh In On Sono-Tek

Hedge funds and other institutional investors have recently made changes to their positions in the business. Susquehanna International Group LLP grew its holdings in Sono-Tek by 28.2% in the 3rd quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company’s stock worth $69,000 after buying an additional 3,389 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Sono-Tek by 29.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,773 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 4,305 shares during the period. HM Payson & Co. acquired a new position in Sono-Tek during the 4th quarter worth $89,000. Finally, Renaissance Technologies LLC grew its stake in shares of Sono-Tek by 62.6% in the fourth quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock worth $260,000 after purchasing an additional 24,239 shares in the last quarter. 47.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.