Weiss Ratings Reiterates “Sell (D+)” Rating for Sono-Tek (NASDAQ:SOTK)

Sono-Tek (NASDAQ:SOTK)‘s stock had its “sell (d+)” rating reaffirmed by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Sono-Tek Stock Performance

Shares of Sono-Tek stock opened at $4.44 on Wednesday. Sono-Tek has a 52-week low of $3.23 and a 52-week high of $6.05. The stock’s 50-day simple moving average is $3.74 and its 200 day simple moving average is $3.73. The stock has a market capitalization of $69.84 million, a P/E ratio of 49.34 and a beta of -0.21.

Sono-Tek (NASDAQ:SOTK) last announced its quarterly earnings data on Thursday, July 10th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Sono-Tek had a return on equity of 8.10% and a net margin of 6.93%.The business had revenue of $5.12 million for the quarter, compared to analysts’ expectations of $5.24 million. During the same period in the previous year, the business posted $0.02 EPS. Equities research analysts forecast that Sono-Tek will post 0.07 EPS for the current fiscal year.

About Sono-Tek

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.