Sono-Tek (SOTK) Scheduled to Post Quarterly Earnings on Thursday

Sono-Tek (NASDAQ:SOTK – Get Rating) is set to issue its quarterly earnings data before the market opens on Thursday, May 25th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Sono-Tek Trading Up 0.3 %

Shares of SOTK opened at $5.50 on Tuesday. Sono-Tek has a 12 month low of $4.64 and a 12 month high of $8.10. The stock has a fifty day moving average price of $5.23 and a 200-day moving average price of $5.73. The firm has a market cap of $86.57 million, a PE ratio of 68.76 and a beta of -0.24.

Hedge Funds Weigh In On Sono-Tek

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Sono-Tek by 85.1% during the 3rd quarter. Vanguard Group Inc. now owns 293,872 shares of the industrial products company’s stock worth $2,063,000 after purchasing an additional 135,076 shares during the period. Dimensional Fund Advisors LP acquired a new stake in Sono-Tek during the 1st quarter worth about $69,000. Finally, BlackRock Inc. grew its position in Sono-Tek by 11.3% during the 3rd quarter. BlackRock Inc. now owns 17,459 shares of the industrial products company’s stock worth $122,000 after purchasing an additional 1,769 shares during the period. 6.12% of the stock is owned by institutional investors and hedge funds.

Sono-Tek Company Profile

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Sono-Tek Corp. engages in the design and manufacture of ultrasonic coating systems. The firm also provides patented nozzles and generators for manufacturers equipment. Its products categories include electronics, energy, medical, glass, food, textiles, nanotechnology, and industrial. The company was founded by Harvey L.