Sono-Tek (NASDAQ:SOTK) Stock Rating Reaffirmed by Northland Securities

Sono-Tek (NASDAQ:SOTK)‘s stock had its “outperform” rating reaffirmed by equities researchers 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 would suggest a potential upside of 122.72% from the stock’s current price.

Sono-Tek Stock Performance

SOTK stock opened at $4.49 on Wednesday. Sono-Tek has a twelve month low of $3.50 and a twelve month high of $6.12. The company’s 50 day moving average is $4.13 and its two-hundred day moving average is $4.24. The stock has a market cap of $70.72 million, a P/E ratio of 44.90 and a beta of -0.28.

Sono-Tek (NASDAQ:SOTK) last released its quarterly earnings data on Tuesday, October 15th. The industrial products company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. Sono-Tek had a net margin of 8.14% and a return on equity of 10.69%. The company had revenue of $5.16 million for the quarter, compared to analysts’ expectations of $5.23 million. During the same quarter last year, the company earned $0.03 earnings per share. On average, equities research analysts predict that Sono-Tek will post 0.07 earnings per share 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.