Allied Motion Technologies (NASDAQ:AMOT) Lowered to Hold at BidaskClub

Allied Motion Technologies (NASDAQ:AMOT) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Saturday, November 16th, BidAskClub reports.

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Several other analysts also recently issued reports on the company. ValuEngine upgraded Allied Motion Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, September 6th. Dougherty & Co reiterated a “buy” rating on shares of Allied Motion Technologies in a report on Monday, November 4th. Finally, Zacks Investment Research upgraded Allied Motion Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $57.00.

Shares of Allied Motion Technologies stock opened at $44.26 on Friday. The company has a current ratio of 2.49, a quick ratio of 1.42 and a debt-to-equity ratio of 1.02. The company’s 50-day moving average price is $41.86 and its two-hundred day moving average price is $37.34. Allied Motion Technologies has a 52 week low of $30.98 and a 52 week high of $52.20. The stock has a market cap of $424.90 million, a PE ratio of 26.04, a price-to-earnings-growth ratio of 2.59 and a beta of 1.46.

Allied Motion Technologies (NASDAQ:AMOT) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.09. The firm had revenue of $96.63 million for the quarter. Allied Motion Technologies had a return on equity of 15.67% and a net margin of 4.53%. On average, equities analysts predict that Allied Motion Technologies will post 1.73 EPS for the current fiscal year.

In other news, Director Richard D. /Co/ Smith sold 20,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $40.67, for a total value of $813,400.00. Following the completion of the sale, the director now directly owns 1,887 shares of the company’s stock, valued at $76,744.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard D. /Co/ Smith sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $38.00, for a total value of $190,000.00. Following the completion of the sale, the director now directly owns 1,887 shares of the company’s stock, valued at $71,706. The disclosure for this sale can be found here. In the last three months, insiders sold 52,300 shares of company stock valued at $2,179,915. 23.10% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in shares of Allied Motion Technologies in the first quarter valued at approximately $29,000. D. E. Shaw & Co. Inc. bought a new stake in shares of Allied Motion Technologies in the second quarter valued at approximately $202,000. Wilen Investment Management CORP. bought a new stake in shares of Allied Motion Technologies in the second quarter valued at approximately $203,000. Gamco Investors INC. ET AL acquired a new position in shares of Allied Motion Technologies in the second quarter valued at $280,000. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Allied Motion Technologies by 25.5% in the second quarter. Parametric Portfolio Associates LLC now owns 7,958 shares of the technology company’s stock valued at $302,000 after purchasing an additional 1,615 shares in the last quarter. 55.80% of the stock is owned by institutional investors.

Allied Motion Technologies Company Profile

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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