Allied Motion Technologies (NASDAQ:AMOT) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b” rating in a note issued to investors on Thursday, November 16th.
Separately, Zacks Investment Research cut shares of Allied Motion Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, August 18th.
Shares of Allied Motion Technologies (NASDAQ:AMOT) traded up $0.41 during trading on Thursday, hitting $31.96. 41,758 shares of the stock traded hands, compared to its average volume of 31,332. The firm has a market cap of $298.24, a PE ratio of 33.84, a price-to-earnings-growth ratio of 1.82 and a beta of 1.94. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.76 and a current ratio of 2.80. Allied Motion Technologies has a fifty-two week low of $19.09 and a fifty-two week high of $34.83.
Several hedge funds and other institutional investors have recently modified their holdings of AMOT. Nationwide Fund Advisors boosted its position in shares of Allied Motion Technologies by 11.8% in the second quarter. Nationwide Fund Advisors now owns 4,778 shares of the technology company’s stock worth $130,000 after acquiring an additional 505 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Allied Motion Technologies by 7.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,144 shares of the technology company’s stock valued at $167,000 after buying an additional 401 shares in the last quarter. Strs Ohio lifted its position in Allied Motion Technologies by 5.9% during the second quarter. Strs Ohio now owns 7,200 shares of the technology company’s stock valued at $195,000 after buying an additional 400 shares in the last quarter. Citigroup Inc. lifted its position in Allied Motion Technologies by 130.8% during the second quarter. Citigroup Inc. now owns 7,449 shares of the technology company’s stock valued at $203,000 after buying an additional 4,222 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Allied Motion Technologies by 74.6% during the third quarter. Wells Fargo & Company MN now owns 7,520 shares of the technology company’s stock valued at $191,000 after buying an additional 3,213 shares in the last quarter. Institutional investors and hedge funds own 41.38% of the company’s stock.
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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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