Sono-Tek (SOTK)

• Market cap: $63M
• 1 day: -6.98%
• 5 days: -6.10%
• 1 month: -15.61%
• 3 months: -0.74%
• 6 months: -3.61%
• Year to date: -25.93%
• 1 year: -25.93%
• 5 years: 14.29%
• 10 years: 14.29%
• Sector: Industrials
• Industry: Special Industry Machinery

About: Sono-Tek Corp designs and manufactures ultrasonic coating systems that apply precise, thin film coatings to a multitude of products for the microelectronics/electronics, alternative energy, medical, and industrial markets, including specialized glass applications in construction and automotive. It sells products to emerging research and development and other markets. Its ultrasonic nozzle systems use high-frequency, ultrasonic vibrations that atomize liquids into minute drops that can be applied to surfaces at low velocity providing thin layers of protective materials over a surface such as glass or metals.

Employees: 94

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

20% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 5

3% more capital invested

Capital invested by funds: $4.21M [Q2] → $4.34M (+$124K) [Q3]

0.08% less ownership

Funds ownership: 6.91% [Q2] → 6.83% (-0.08%) [Q3]

4% less funds holding

Funds holding: 23 [Q2] → 22 (-1) [Q3]

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $10 150% upside
• Avg. target: $10 150% upside
• High target: $10 150% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Northland Capital Markets Ted Jackson 43% 1-year accuracy 3 / 7 met price target

150% upside $10

Outperform Reiterated

16 Oct 2024