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.
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.