Sono-Tek (OTCMKTS:SOTK) released its earnings results on Tuesday. The industrial products company reported $0.01 earnings per share for the quarter, Bloomberg Earnings reports. Sono-Tek had a return on equity of 2.52% and a net margin of 1.93%. The firm had revenue of $2.98 million during the quarter.
Shares of Sono-Tek (SOTK) remained flat at $$1.90 on Wednesday. 837 shares of the company’s stock traded hands, compared to its average volume of 18,449. Sono-Tek has a 52-week low of $1.00 and a 52-week high of $1.95. The company has a market capitalization of $28.45, a P/E ratio of 190.00 and a beta of 0.10. The company has a current ratio of 3.86, a quick ratio of 3.15 and a debt-to-equity ratio of 0.12.
In related news, Director Samuel Schwartz sold 100,000 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $1.67, for a total transaction of $167,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph Riemer sold 20,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $1.41, for a total value of $28,200.00. The disclosure for this sale can be found here. Insiders sold a total of 124,000 shares of company stock valued at $201,000 over the last quarter. 18.91% of the stock is owned by corporate insiders.
Sono-Tek Corporation is engaged in the development, manufacture and sale of ultrasonic liquid atomizing nozzles. The Company utilizes its technology, ultrasonic spray coating, to provide customized coating solutions to a range of manufacturing companies, enabling to develop new products. The Company operates through two segments: ultrasonic spray coating systems, which is in the business of developing, manufacturing, selling, installing and servicing ultrasonic spray coating equipment, and real estate operations, which is in the business of owning and operating the Sono-Tek Industrial Park.
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