Craig Hallum set a $62.00 price target on Allied Motion Technologies (NASDAQ:AMOT) in a research note issued to investors on Friday, The Fly reports. The brokerage currently has a buy rating on the technology company’s stock.
Several other analysts have also weighed in on AMOT. BidaskClub lowered Allied Motion Technologies from a sell rating to a strong sell rating in a report on Saturday, October 27th. Zacks Investment Research lowered Allied Motion Technologies from a strong-buy rating to a hold rating in a report on Tuesday, July 24th. Finally, Dougherty & Co raised Allied Motion Technologies from a neutral rating to a buy rating in a report on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Allied Motion Technologies presently has a consensus rating of Hold and an average price target of $57.50.
Allied Motion Technologies stock opened at $49.37 on Friday. The company has a current ratio of 2.44, a quick ratio of 1.39 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $442.07 million, a price-to-earnings ratio of 40.47, a PEG ratio of 4.04 and a beta of 2.19. Allied Motion Technologies has a fifty-two week low of $28.08 and a fifty-two week high of $55.47.
Allied Motion Technologies (NASDAQ:AMOT) last posted its earnings results on Wednesday, October 31st. The technology company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.16. The company had revenue of $80.09 million for the quarter. Allied Motion Technologies had a return on equity of 17.59% and a net margin of 4.43%. Equities analysts predict that Allied Motion Technologies will post 1.65 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 28th. Shareholders of record on Thursday, November 15th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Wednesday, November 14th. Allied Motion Technologies’s dividend payout ratio (DPR) is 9.84%.
A number of institutional investors have recently bought and sold shares of AMOT. Cubist Systematic Strategies LLC acquired a new stake in shares of Allied Motion Technologies during the second quarter valued at $206,000. Peapack Gladstone Financial Corp acquired a new stake in shares of Allied Motion Technologies during the second quarter valued at $215,000. Ramsey Quantitative Systems boosted its stake in shares of Allied Motion Technologies by 101.5% during the second quarter. Ramsey Quantitative Systems now owns 4,957 shares of the technology company’s stock valued at $237,000 after acquiring an additional 2,497 shares during the last quarter. Cypress Capital Management LLC WY acquired a new stake in shares of Allied Motion Technologies during the third quarter valued at $274,000. Finally, Comerica Bank acquired a new stake in shares of Allied Motion Technologies during the third quarter valued at $221,000. 47.82% of the stock is currently owned by institutional investors.
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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