Sono-Tek (NASDAQ:SOTK) Upgraded at Wall Street Zen

Sono-Tek (NASDAQ:SOTK) was upgraded by Wall Street Zen to a “strong-buy” rating in a research note issued on Sunday.

Separately, Weiss Ratings upgraded Sono-Tek from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Sono-Tek Trading Up 0.4%

NASDAQ SOTK traded up $0.02 during trading hours on Friday, hitting $5.54. 68,728 shares of the company’s stock traded hands, compared to its average volume of 44,233. The business’s fifty day moving average price is $5.21 and its two-hundred day moving average price is $4.51. The firm has a market capitalization of $87.09 million, a P/E ratio of 42.62 and a beta of -0.05. Sono-Tek has a 52 week low of $3.23 and a 52 week high of $6.24.

Sono-Tek (NASDAQ:SOTK) last announced its earnings results on Wednesday, July 8th. The industrial products company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. Sono-Tek had a net margin of 9.62% and a return on equity of 10.55%. The business had revenue of $5.66 million during the quarter, compared to analysts’ expectations of $5.60 million. During the same period in the prior year, the company earned $0.03 earnings per share. On average, sell-side analysts expect that Sono-Tek will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Sono-Tek

Hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP grew its position in shares of 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 purchasing an additional 3,389 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Sono-Tek by 29.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 18,773 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 4,305 shares in the last quarter. HM Payson & Co. purchased a new position in Sono-Tek in the 4th quarter worth approximately $89,000. Bard Associates Inc. boosted its stake in Sono-Tek by 7.0% in the 4th quarter. Bard Associates Inc. now owns 43,244 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 2,838 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Sono-Tek by 62.6% in the 4th quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock worth $260,000 after purchasing an additional 24,239 shares during the period. Institutional investors own 47.89% of the company’s stock.

About Sono-Tek

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.