Allied Motion Technologies (NASDAQ:AMOT) issued its quarterly earnings results on Wednesday. The technology company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.10), Morningstar.com reports. Allied Motion Technologies had a return on equity of 17.59% and a net margin of 4.43%.
Shares of AMOT opened at $41.75 on Thursday. The firm has a market capitalization of $392.42 million, a price-to-earnings ratio of 34.22, a PEG ratio of 1.77 and a beta of 1.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.39 and a current ratio of 2.44. Allied Motion Technologies has a 1 year low of $31.58 and a 1 year high of $55.47.
Several institutional investors and hedge funds have recently modified their holdings of AMOT. WealthTrust Arizona LLC raised its stake in shares of Allied Motion Technologies by 60.0% in the fourth quarter. WealthTrust Arizona LLC now owns 800 shares of the technology company’s stock valued at $36,000 after buying an additional 300 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Allied Motion Technologies in the fourth quarter valued at $38,000. Advisor Group Inc. raised its stake in shares of Allied Motion Technologies by 64.7% in the fourth quarter. Advisor Group Inc. now owns 1,400 shares of the technology company’s stock valued at $63,000 after buying an additional 550 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in shares of Allied Motion Technologies by 365.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,308 shares of the technology company’s stock valued at $103,000 after buying an additional 1,812 shares during the period. Finally, Citigroup Inc. raised its stake in shares of Allied Motion Technologies by 27.1% in the fourth quarter. Citigroup Inc. now owns 3,650 shares of the technology company’s stock valued at $163,000 after buying an additional 779 shares during the period. Hedge funds and other institutional investors own 50.49% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Allied Motion Technologies (AMOT) Announces Earnings Results, Misses Expectations By $0.10 EPS” was posted by Ticker Report and is the property of of Ticker Report. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/4221050/allied-motion-technologies-amot-announces-earnings-results-misses-expectations-by-0-10-eps.html.
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.
Further Reading: How Do Mutual Funds Work?
Receive News & Ratings for Allied Motion Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allied Motion Technologies and related companies with MarketBeat.com's FREE daily email newsletter.