Sono-Tek (SOTK) Announces Quarterly Earnings Results
Sono-Tek (OTCMKTS:SOTK) released its quarterly earnings results on Tuesday. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The business had revenue of $2.98 million for the quarter. Sono-Tek had a net margin of 1.93% and a return on equity of 2.52%.
Shares of Sono-Tek (SOTK) traded down $0.04 on Wednesday, reaching $1.86. 637 shares of the company traded hands, compared to its average volume of 9,193. Sono-Tek has a 1 year low of $1.00 and a 1 year high of $1.95. 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 other Sono-Tek news, Director Samuel Schwartz sold 100,000 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $1.67, for a total value of $167,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Joseph Riemer sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $1.41, for a total transaction of $28,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,000 shares of company stock worth $201,000. 18.91% of the stock is owned by insiders.
Sono-Tek Company Profile
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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