Allied Motion Technologies (NASDAQ:AMOT) reached a new 52-week high and low during mid-day trading on Friday . The company traded as low as $48.74 and last traded at $47.72, with a volume of 31836 shares trading hands. The stock had previously closed at $47.73.
A number of equities 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 note on Tuesday, March 20th. TheStreet cut shares of Allied Motion Technologies from a “b-” rating to a “c+” rating in a research note on Tuesday, April 3rd. Finally, ValuEngine raised shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd.
The company has a market cap of $448.30 million, a PE ratio of 38.95, a price-to-earnings-growth ratio of 2.04 and a beta of 1.82. The company has a current ratio of 2.57, a quick ratio of 1.55 and a debt-to-equity ratio of 0.66.
Allied Motion Technologies (NASDAQ:AMOT) last released its quarterly earnings results on Wednesday, May 2nd. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.15. Allied Motion Technologies had a net margin of 3.58% and a return on equity of 14.64%. The firm had revenue of $76.58 million for the quarter. research analysts anticipate that Allied Motion Technologies will post 1.45 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 30th. Investors of record on Thursday, May 17th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $0.12 dividend on an annualized basis and a yield of 0.25%. This is a boost from Allied Motion Technologies’s previous quarterly dividend of $0.03. Allied Motion Technologies’s dividend payout ratio (DPR) is currently 9.84%.
Institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP purchased a new position in Allied Motion Technologies in the 4th quarter valued at $409,000. Ranger Investment Management L.P. lifted its holdings in Allied Motion Technologies by 18.9% in the 4th quarter. Ranger Investment Management L.P. now owns 92,850 shares of the technology company’s stock valued at $3,072,000 after purchasing an additional 14,745 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Allied Motion Technologies by 1.1% in 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. Schwab Charles Investment Management Inc. lifted its holdings in Allied Motion Technologies by 50.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 11,974 shares of the technology company’s stock valued at $397,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Allied Motion Technologies by 1,044.1% in 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. 46.33% of the stock is currently owned by hedge funds and other institutional investors.
About Allied Motion Technologies
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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