BidaskClub lowered shares of Allied Motion Technologies (NASDAQ:AMOT) from a buy rating to a hold rating in a research note published on Monday morning, BidAskClub reports.
A number of other research firms have also recently issued reports on AMOT. ValuEngine cut Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Zacks Investment Research upgraded HB Fuller from a sell rating to a hold rating in a report on Wednesday, July 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Allied Motion Technologies presently has a consensus rating of Buy and an average target price of $57.00.
AMOT opened at $36.18 on Monday. The business has a 50-day moving average price of $35.41. Allied Motion Technologies has a 12-month low of $31.72 and a 12-month high of $55.47. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.67 and a quick ratio of 1.50. The stock has a market cap of $359.30 million, a PE ratio of 21.28, a P/E/G ratio of 1.82 and a beta of 1.65.
Allied Motion Technologies (NASDAQ:AMOT) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. Allied Motion Technologies had a return on equity of 16.01% and a net margin of 4.94%. The firm had revenue of $93.90 million during the quarter. Research analysts expect that Allied Motion Technologies will post 2.05 EPS for the current fiscal year.
In other news, Director Michael R. Winter acquired 1,400 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average cost of $35.35 per share, for a total transaction of $49,490.00. Following the acquisition, the director now owns 16,118 shares of the company’s stock, valued at $569,771.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.10% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of AMOT. Cortina Asset Management LLC purchased a new stake in Allied Motion Technologies during the 2nd quarter valued at about $2,003,000. Walthausen & Co. LLC boosted its holdings in Allied Motion Technologies by 16.3% during the 1st quarter. Walthausen & Co. LLC now owns 260,417 shares of the technology company’s stock valued at $8,953,000 after acquiring an additional 36,540 shares during the period. Mackay Shields LLC purchased a new stake in Allied Motion Technologies during the 4th quarter valued at about $1,517,000. Confluence Investment Management LLC boosted its holdings in Allied Motion Technologies by 18.8% during the 1st quarter. Confluence Investment Management LLC now owns 137,325 shares of the technology company’s stock valued at $4,722,000 after acquiring an additional 21,729 shares during the period. Finally, AJO LP boosted its holdings in Allied Motion Technologies by 35.0% during the 1st quarter. AJO LP now owns 78,873 shares of the technology company’s stock valued at $2,712,000 after acquiring an additional 20,441 shares during the period. Hedge funds and other institutional investors own 50.45% of the company’s stock.
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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