Allied Motion Technologies (AMOT) Announces Earnings Results, Misses Expectations By $0.10 EPS

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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.

A number of brokerages recently commented on AMOT. BidaskClub lowered Allied Motion Technologies from a “hold” rating to a “sell” rating in a report on Saturday, January 12th. Zacks Investment Research upgraded Allied Motion Technologies from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Thursday, February 21st. ValuEngine upgraded Allied Motion Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Finally, Craig Hallum set a $66.00 price target on Allied Motion Technologies and gave the stock a “buy” rating in a report on Friday, December 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $57.00.

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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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Earnings History for Allied Motion Technologies (NASDAQ:AMOT)

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