BidaskClub Upgrades Allied Motion Technologies (NASDAQ:AMOT) to “Hold”

Share on StockTwits

BidaskClub upgraded shares of Allied Motion Technologies (NASDAQ:AMOT) from a sell rating to a hold rating in a research note issued to investors on Thursday morning, BidAskClub reports.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Allied Motion Technologies from a hold rating to a sell rating in a report on Wednesday, August 7th. ValuEngine upgraded shares of Allied Motion Technologies from a buy rating to a strong-buy rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $57.00.

Shares of NASDAQ:AMOT opened at $39.72 on Thursday. The company has a 50-day simple moving average of $35.34 and a 200-day simple moving average of $36.65. Allied Motion Technologies has a one year low of $30.98 and a one year high of $55.47. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.47 and a current ratio of 2.63. The stock has a market capitalization of $367.10 million, a price-to-earnings ratio of 23.36, a PEG ratio of 2.19 and a beta of 1.55.

Allied Motion Technologies (NASDAQ:AMOT) last announced its earnings results on Thursday, August 1st. The technology company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Allied Motion Technologies had a net margin of 4.82% and a return on equity of 15.62%. The business had revenue of $92.63 million during the quarter. As a group, research analysts forecast that Allied Motion Technologies will post 1.75 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.30%. Allied Motion Technologies’s dividend payout ratio (DPR) is 7.06%.

Institutional investors have recently modified their holdings of the company. Hancock Whitney Corp increased its stake in shares of Allied Motion Technologies by 7.1% during the first quarter. Hancock Whitney Corp now owns 42,270 shares of the technology company’s stock worth $1,453,000 after acquiring an additional 2,792 shares during the period. Investment Management of Virginia LLC increased its stake in shares of Allied Motion Technologies by 221.1% during the second quarter. Investment Management of Virginia LLC now owns 158,246 shares of the technology company’s stock worth $5,997,000 after acquiring an additional 108,956 shares during the period. White Pine Capital LLC increased its stake in shares of Allied Motion Technologies by 94.4% during the first quarter. White Pine Capital LLC now owns 21,365 shares of the technology company’s stock worth $735,000 after acquiring an additional 10,375 shares during the period. Walthausen & Co. LLC grew its position in Allied Motion Technologies by 16.3% during the first quarter. Walthausen & Co. LLC now owns 260,417 shares of the technology company’s stock worth $8,953,000 after buying an additional 36,540 shares during the period. Finally, AJO LP grew its position in Allied Motion Technologies by 35.0% during the first quarter. AJO LP now owns 78,873 shares of the technology company’s stock worth $2,712,000 after buying an additional 20,441 shares during the period. Institutional investors and hedge funds own 49.74% 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 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.

Recommended Story: CD Ladder

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.



Latest News

Delta Apparel, Inc.  Sees Significant Decrease in Short Interest
Delta Apparel, Inc. Sees Significant Decrease in Short Interest
Intelligent Systems Co.  Sees Large Growth in Short Interest
Intelligent Systems Co. Sees Large Growth in Short Interest
Vietnam Enterprise Investments  Stock Price Up 0.4%
Vietnam Enterprise Investments Stock Price Up 0.4%
Chesapeake Gold  Stock Price Up 1.7%
Chesapeake Gold Stock Price Up 1.7%
Creightons  Stock Price Up 1.4%
Creightons Stock Price Up 1.4%
Costar Technologies  Trading Down 5%
Costar Technologies Trading Down 5%


© 2006-2019 Ticker Report