Sono-Tek (NASDAQ:SOTK - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Northland Securities in a note issued to investors on Wednesday, Benzinga reports. They presently have a $10.00 target price on the industrial products company's stock. Northland Securities' price objective indicates a potential upside of 123.71% from the company's previous close.
Sono-Tek stock traded down $0.01 during trading on Wednesday, hitting $4.47. The stock had a trading volume of 16,902 shares, compared to its average volume of 11,377. The stock's 50 day moving average is $4.09 and its two-hundred day moving average is $4.23. Sono-Tek has a 1 year low of $3.50 and a 1 year high of $6.12. The stock has a market cap of $70.41 million, a price-to-earnings ratio of 44.70 and a beta of -0.28.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The industrial products company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. Sono-Tek had a return on equity of 10.69% and a net margin of 8.14%. The firm had revenue of $5.16 million for the quarter, compared to analysts' expectations of $5.23 million. During the same quarter in the prior year, the firm earned $0.03 EPS. As a group, equities research analysts anticipate that Sono-Tek will post 0.07 EPS for the current fiscal year.
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.
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