Allied Motion Technologies, Inc. (AMOT) Set to Announce Quarterly Earnings on Tuesday

Allied Motion Technologies, Inc. (NASDAQ:AMOT) is set to issue its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.27 per share for the quarter.

Allied Motion Technologies (NASDAQ:AMOT) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.07). The company had revenue of $60.34 million during the quarter, compared to analysts’ expectations of $62.17 million. Allied Motion Technologies had a net margin of 3.41% and a return on equity of 10.65%. On average, analysts expect Allied Motion Technologies to post $1 EPS for the current fiscal year and $1.25 EPS for the next fiscal year.

Shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) opened at 28.59 on Friday. The stock has a market capitalization of $270.23 million, a P/E ratio of 30.81 and a beta of 1.89. Allied Motion Technologies, Inc. has a 1-year low of $15.54 and a 1-year high of $30.31. The stock has a 50 day moving average of $26.11 and a 200-day moving average of $25.88.

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AMOT has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Allied Motion Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, October 9th. TheStreet lowered shares of Allied Motion Technologies from a “b” rating to a “c+” rating in a report on Tuesday, August 8th. Finally, BidaskClub upgraded shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a report on Thursday, July 13th.

A hedge fund recently raised its stake in Allied Motion Technologies stock. The Manufacturers Life Insurance Company lifted its stake in shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) by 7.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,144 shares of the technology company’s stock after acquiring an additional 401 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of Allied Motion Technologies worth $167,000 as of its most recent SEC filing. Institutional investors and hedge funds own 41.53% of the company’s stock.

About Allied Motion Technologies

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.

Earnings History for Allied Motion Technologies (NASDAQ:AMOT)

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