Sono-Tek Corporation Common Stock (SOTK)
Sono-Tek Corporation (SOTK) specializes in ultrasonic coating systems for various industrial applications. Founded in 1983, the company develops and manufactures advanced ultrasonic spraying technology used in electronics, biomedical, and industrial markets to provide precise, uniform coatings with minimal waste.
Company News
Sono-Tek Corporation reported a fifth consecutive quarter of revenue above $5 million, with net sales of $5.13 million, a 2% increase year-over-year. The company saw strong performance in the alternative energy market and medical device industry, with expanded gross margins of 52% and a 103% increase in operating income.
SonoTek (SOTK) delivered earnings and revenue surprises of 0% and 0.67%, respectively, for the quarter ended February 2024. Do the numbers hold clues to what lies ahead for the stock?
Upgrades According to TD Securities, the prior rating for John Hancock Financial Opportunities Fund (NYSE:BTO) was changed from Buy to Action List Buy. The stock has a 52-week-high of $52.88 and a 52-week-low of $31.95. At the end of the last trading period, John Hancock Finl Opps closed at $35.82. According to RBC Capital, the prior rating fo...