Sono-Tek (OTCMKTS:SOTK) Share Price Crosses Above 50 Day Moving Average of $2.37

Shares of Sono-Tek Co. (OTCMKTS:SOTK) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.37 and traded as high as $2.38. Sono-Tek shares last traded at $2.38, with a volume of 2,820 shares changing hands.

Separately, Dougherty & Co started coverage on Sono-Tek in a research report on Thursday. They issued a “buy” rating and a $3.50 price target on the stock.

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.75. The company has a market cap of $36.16 million, a price-to-earnings ratio of 78.69 and a beta of -0.18. The business has a 50-day simple moving average of $2.36 and a 200-day simple moving average of $2.52.

Sono-Tek (OTCMKTS:SOTK) last posted its quarterly earnings results on Tuesday, January 14th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $3.67 million for the quarter. Sono-Tek had a return on equity of 5.49% and a net margin of 3.76%.

About Sono-Tek (OTCMKTS:SOTK)

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 patented nozzles and generators for manufacturers' equipment.

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