Brokers Issue Forecasts for Solis Tek Inc.’s FY2017 Earnings (SLTK)

Solis Tek Inc. (OTCMKTS:SLTK) – Equities researchers at Taglich Brothers issued their FY2017 earnings estimates for shares of Solis Tek in a research report issued on Monday, according to Zacks Investment Research. Taglich Brothers analyst J. Nobile forecasts that the company will earn ($0.21) per share 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 posted its quarterly earnings results on Tuesday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm 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) traded up $0.14 during midday trading on Thursday, hitting $1.68. 239,841 shares of the stock traded hands, compared to its average volume of 154,485. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.48. Solis Tek has a one year low of $0.25 and a one year high of $3.44.

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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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Earnings History and Estimates for Solis Tek (OTCMKTS:SLTK)

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