According to Zacks, “Hathaway Corporation is engaged in the business of designing, manufacturing and selling advanced systems and instrumentation to the worldwide power and process industries, as well as motion control products to a broad spectrum of customers throughout the world. The company’s power instrumentation products helps ensure that electric utilities provide high quality service to consumers of electricity. The company’s equipment assists the electric power system operators in operating and maintaining proper system performance. “
A number of other analysts also recently issued reports on AMOT. Dougherty & Co began coverage on shares of Allied Motion Technologies in a report on Friday, July 1st. They set a neutral rating for the company. TheStreet raised shares of Allied Motion Technologies from a hold rating to a buy rating in a report on Wednesday, July 27th.
Allied Motion Technologies (NASDAQ:AMOT) opened at 19.47 on Tuesday. The stock’s 50 day moving average is $20.27 and its 200-day moving average is $21.09. The company has a market cap of $182.94 million, a PE ratio of 18.03 and a beta of 1.74. Allied Motion Technologies has a 52-week low of $15.46 and a 52-week high of $27.70.
Allied Motion Technologies (NASDAQ:AMOT) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. Allied Motion Technologies had a net margin of 4.15% and a return on equity of 14.90%. The company earned $65.80 million during the quarter, compared to the consensus estimate of $60.50 million. Equities research analysts predict that Allied Motion Technologies will post $1.14 EPS for the current fiscal year.
In other Allied Motion Technologies news, Director Richard D. /Co/ Smith sold 4,881 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $21.78, for a total value of $106,308.18. Following the transaction, the director now owns 37,404 shares in the company, valued at $814,659.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard D. /Co/ Smith sold 5,119 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $22.14, for a total transaction of $113,334.66. Following the completion of the transaction, the director now owns 37,404 shares in the company, valued at approximately $828,124.56. The disclosure for this sale can be found here. 30.90% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. purchased a new position in Allied Motion Technologies during the second quarter worth about $3,840,000. Thomson Horstmann & Bryant Inc. boosted its position in Allied Motion Technologies by 63.2% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 389,829 shares of the company’s stock worth $9,067,000 after buying an additional 150,898 shares during the last quarter. Wall Street Associates purchased a new position in Allied Motion Technologies during the second quarter worth about $2,245,000. Walthausen & Co. LLC boosted its position in Allied Motion Technologies by 26.7% in the second quarter. Walthausen & Co. LLC now owns 256,181 shares of the company’s stock worth $5,959,000 after buying an additional 53,970 shares during the last quarter. Finally, Skylands Capital LLC purchased a new position in Allied Motion Technologies during the second quarter worth about $949,000. Hedge funds and other institutional investors own 37.37% of the company’s stock.
About Allied Motion Technologies
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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