Solis Tek Inc. Forecasted to Post FY2017 Earnings of ($0.21) Per Share (SLTK)
Solis Tek Inc. (OTCMKTS:SLTK) – Investment analysts at Taglich Brothers issued their FY2017 EPS estimates for Solis Tek in a research note issued to investors on Monday. Taglich Brothers analyst J. Nobile expects that the company will post earnings per share of ($0.21) for the year. Taglich Brothers also issued estimates for Solis Tek’s Q4 2017 earnings at ($0.03) EPS, Q1 2018 earnings at ($0.01) EPS, Q2 2018 earnings at ($0.02) EPS, Q3 2018 earnings at ($0.02) EPS, Q4 2018 earnings at ($0.01) EPS and FY2018 earnings at ($0.06) EPS.
Solis Tek (OTCMKTS:SLTK) last announced its earnings results on Tuesday, November 14th. The company reported ($0.04) EPS for the quarter. The business had revenue of $1.99 million for the quarter. Solis Tek had a negative return on equity of 575.33% and a negative net margin of 77.38%.
Solis Tek (OTCMKTS SLTK) opened at $1.54 on Thursday. Solis Tek has a 1-year low of $0.25 and a 1-year high of $3.44. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.48 and a quick ratio of 0.63.
About Solis Tek
Solis Tek Inc, formerly Cinjet, Inc, is an importer, distributer and marketer of digital lighting equipment for the hydroponics industry. The Company provides aptitudes with its ballast, reflector and lamp products. The Company is focused on the research, design, development and manufacturing of indoor horticulture lighting and ancillary equipment.
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