TheStreet cut shares of Allied Motion Technologies (NASDAQ:AMOT) from a b- rating to a c+ rating in a report published on Tuesday morning.
Several other equities analysts have also recently issued reports on the company. BidaskClub raised Allied Motion Technologies from a sell rating to a hold rating in a research note on Tuesday, March 20th. Zacks Investment Research cut Allied Motion Technologies from a strong-buy rating to a hold rating in a research note on Wednesday, January 3rd.
AMOT opened at $38.09 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.69 and a current ratio of 2.77. Allied Motion Technologies has a 52-week low of $20.79 and a 52-week high of $42.70. The company has a market cap of $366.86, a PE ratio of 31.22, a price-to-earnings-growth ratio of 1.68 and a beta of 1.81.
Allied Motion Technologies (NASDAQ:AMOT) last posted its earnings results on Wednesday, March 14th. The technology company reported $0.36 earnings per share (EPS) for the quarter. Allied Motion Technologies had a return on equity of 13.61% and a net margin of 3.19%. The firm had revenue of $65.36 million for the quarter, compared to analysts’ expectations of $60.32 million. equities analysts anticipate that Allied Motion Technologies will post 1.45 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. Allied Motion Technologies’s dividend payout ratio (DPR) is presently 8.20%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Earnest Partners LLC purchased a new position in shares of Allied Motion Technologies during the fourth quarter valued at approximately $116,000. The Manufacturers Life Insurance Company increased its stake in shares of 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 during the period. Wells Fargo & Company MN increased its stake in shares of 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 during the period. First Trust Advisors LP purchased a new position in shares of Allied Motion Technologies during the fourth quarter valued at approximately $207,000. Finally, Macquarie Group Ltd. purchased a new position in shares of Allied Motion Technologies during the fourth quarter valued at approximately $296,000. 44.59% of the stock is currently owned by hedge funds and other institutional investors.
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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 that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.
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