Sono-Tek at record high on strong sales growth outlook, robust Q2 results

Sono-Tek

13/10/2021 15:11

** Shares of electrical coating manufacturer  SOTK.O  jump
15.8% to a record high of $5.14 
    ** Co reports Q2 earnings of 2 cents per share, higher than
estimates of 1 cent per share - Refinitiv data  urn:newsml:reuters.com:*:nGNE7PjjrG
    ** Sees double digit year-over-year sales growth in the
third and fourth quarter 
    ** SOTK has beaten earnings estimates in the past three
consecutive quarters
    ** Shares trading nearly 48% above their 50-day moving
average of $3.52
    ** Including session gains, stock has added 19.8% YTD

 (Reporting by Shashank Nayar in Bengaluru)
 ((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6182 2256;))