Allied Motion Technologies (AMOT) Earning Favorable Press Coverage, Report Finds

News articles about Allied Motion Technologies (NASDAQ:AMOT) have been trending positive on Saturday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Allied Motion Technologies earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.3858663512202 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news articles that may have effected Accern’s scoring:

Shares of Allied Motion Technologies (AMOT) opened at 28.59 on Friday. The company has a market capitalization of $270.23 million, a P/E ratio of 30.81 and a beta of 1.89. The stock’s 50 day moving average price is $25.93 and its 200-day moving average price is $25.81. Allied Motion Technologies has a 52-week low of $15.54 and a 52-week high of $30.31.

Allied Motion Technologies (NASDAQ:AMOT) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.07). The company had revenue of $60.34 million for the quarter, compared to analysts’ expectations of $62.17 million. Allied Motion Technologies had a return on equity of 10.65% and a net margin of 3.41%. On average, equities analysts expect that Allied Motion Technologies will post $1.00 earnings per share for the current year.

A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded Allied Motion Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, October 9th. TheStreet downgraded Allied Motion Technologies from a “b” rating to a “c+” rating in a research report on Tuesday, August 8th. Finally, BidaskClub upgraded Allied Motion Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th.

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Allied Motion Technologies Company Profile

Allied Motion Technologies Inc designs, manufactures and sells precision and specialty motion control components and systems used in a range of industries. The Company serves various markets, including vehicle, medical, aerospace and defense, electronics and industrial. It focuses on motion control applications.

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