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

by · The Cerbat Gem

Sono-Tek (NASDAQ:SOTK – Get Free Report) posted its quarterly earnings data on Wednesday. The industrial products company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05, RTT News reports. The business had revenue of $5.66 million for the quarter, compared to analyst estimates of $5.60 million. Sono-Tek had a return on equity of 9.52% and a net margin of 8.64%.During the same quarter in the prior year, the company earned $0.03 earnings per share.

Sono-Tek Stock Down 7.9%

Shares of SOTK opened at $5.15 on Wednesday. The company has a market capitalization of $80.93 million, a price-to-earnings ratio of 46.82 and a beta of -0.05. Sono-Tek has a 52-week low of $3.23 and a 52-week high of $6.24. The stock has a 50 day moving average price of $5.16 and a 200 day moving average price of $4.48.

Institutional Trading of Sono-Tek

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its stake in Sono-Tek by 62.6% in the fourth quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock valued at $260,000 after buying an additional 24,239 shares during the last quarter. HM Payson & Co. purchased a new position in shares of Sono-Tek during the fourth quarter worth approximately $89,000. Dimensional Fund Advisors LP increased its holdings in shares of Sono-Tek by 12.9% in the 4th 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. Finally, Susquehanna International Group LLP raised its position 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 valued at $69,000 after purchasing an additional 3,389 shares during the last quarter. 47.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SOTK shares. Weiss Ratings raised Sono-Tek from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 25th. Truist Financial set a $8.50 price objective on Sono-Tek in a research report on Friday, March 13th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Sono-Tek has a consensus rating of “Moderate Buy” and a consensus price target of $8.50.

View Our Latest Research Report on SOTK

Sono-Tek Company Profile

(Get Free Report)

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.

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