Allied Motion Technologies, Inc. (NASDAQ:AMOT) has been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokerages have set a 1-year consensus target price of $37.00 for the company and are predicting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Allied Motion Technologies an industry rank of 67 out of 265 based on the ratings given to related companies.
A number of research analysts recently issued reports on the stock. BidaskClub raised shares of Allied Motion Technologies from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. TheStreet raised shares of Allied Motion Technologies from a “c+” rating to a “b” rating in a research report on Thursday, November 16th. Finally, Zacks Investment Research cut shares of Allied Motion Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 3rd.
Allied Motion Technologies (AMOT) opened at $31.24 on Friday. Allied Motion Technologies has a 12-month low of $19.09 and a 12-month high of $36.20. The stock has a market cap of $295.12, a PE ratio of 33.23, a P/E/G ratio of 1.39 and a beta of 1.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.76 and a current ratio of 2.80.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Allied Motion Technologies by 0.7% during the 4th quarter. BlackRock Inc. now owns 446,949 shares of the technology company’s stock valued at $14,790,000 after purchasing an additional 3,203 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Allied Motion Technologies by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 414,929 shares of the technology company’s stock valued at $10,514,000 after purchasing an additional 4,466 shares in the last quarter. Vanguard Group Inc. increased its stake in Allied Motion Technologies by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 297,970 shares of the technology company’s stock valued at $8,111,000 after purchasing an additional 7,238 shares in the last quarter. Renaissance Technologies LLC increased its stake in Allied Motion Technologies by 53.3% during the 4th quarter. Renaissance Technologies LLC now owns 185,800 shares of the technology company’s stock valued at $6,148,000 after purchasing an additional 64,600 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Allied Motion Technologies by 1,044.1% during the 4th quarter. Millennium Management LLC now owns 103,208 shares of the technology company’s stock valued at $3,415,000 after purchasing an additional 94,187 shares in the last quarter. Institutional investors and hedge funds own 41.51% 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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