Sono-Tek (NASDAQ:SOTK) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Sono-Tek (NASDAQ:SOTK) announced its earnings results on Thursday. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01, FiscalAI reports. The company had revenue of $5.61 million for the quarter, compared to analysts’ expectations of $5.59 million. Sono-Tek had a return on equity of 8.54% and a net margin of 7.72%.

Sono-Tek Trading Up 0.6%

Shares of Sono-Tek stock opened at $5.31 on Thursday. The business’s fifty day simple moving average is $4.47 and its 200 day simple moving average is $4.21. The firm has a market capitalization of $83.42 million, a P/E ratio of 53.11 and a beta of 0.01. Sono-Tek has a 12 month low of $3.23 and a 12 month high of $5.70.

Analyst Ratings Changes

Several brokerages recently issued reports on SOTK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sono-Tek in a research report on Friday, March 27th. Truist Financial set a $8.50 target price on Sono-Tek in a research report on Friday, March 13th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $8.50.

Institutional Trading of Sono-Tek

Hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP lifted its holdings in Sono-Tek by 28.2% during the third quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 3,389 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Sono-Tek by 29.8% during the third 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. bought a new stake in Sono-Tek during the fourth quarter worth $89,000. Finally, Renaissance Technologies LLC lifted its holdings in Sono-Tek by 62.6% during the fourth quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock worth $260,000 after acquiring an additional 24,239 shares during the period. 47.89% of the stock is currently owned by institutional investors.

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.