Allied Motion Technologies Inc. (NASDAQ:AMOT) Director Richard D. /Co/ Smith sold 10,000 shares of Allied Motion Technologies stock in a transaction on Friday, October 14th. The shares were sold at an average price of $20.02, for a total transaction of $200,200.00. Following the completion of the sale, the director now owns 47,515 shares in the company, valued at $951,250.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Allied Motion Technologies Inc. (NASDAQ:AMOT) opened at 20.22 on Wednesday. The company has a market cap of $189.99 million, a P/E ratio of 18.72 and a beta of 1.74. The stock has a 50 day moving average of $20.14 and a 200-day moving average of $21.23. Allied Motion Technologies Inc. has a 12 month low of $15.46 and a 12 month high of $27.70.

Allied Motion Technologies (NASDAQ:AMOT) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. Allied Motion Technologies had a net margin of 4.15% and a return on equity of 14.90%. The company had revenue of $65.80 million for the quarter, compared to analyst estimates of $60.50 million. Equities research analysts expect that Allied Motion Technologies Inc. will post $1.14 EPS for the current year.

Several equities research analysts have issued reports on the stock. TheStreet upgraded shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Dougherty & Co assumed coverage on shares of Allied Motion Technologies in a research note on Friday, July 1st. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded shares of Allied Motion Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 4th.

A number of hedge funds and other institutional investors have recently modified their holdings of AMOT. BlackRock Investment Management LLC raised its position in shares of Allied Motion Technologies by 8.0% in the second quarter. BlackRock Investment Management LLC now owns 23,960 shares of the company’s stock valued at $557,000 after buying an additional 1,767 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Allied Motion Technologies by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 339,220 shares of the company’s stock valued at $7,890,000 after buying an additional 16,605 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of Allied Motion Technologies by 9.3% in the second quarter. Nationwide Fund Advisors now owns 4,372 shares of the company’s stock valued at $102,000 after buying an additional 371 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Allied Motion Technologies by 9.8% in the second quarter. Oppenheimer & Co. Inc. now owns 21,289 shares of the company’s stock valued at $495,000 after buying an additional 1,894 shares in the last quarter. Finally, Argent Capital Management LLC bought a new position in shares of Allied Motion Technologies during the second quarter valued at about $864,000. 37.37% of the stock is currently owned by institutional investors and hedge funds.

Allied Motion Technologies Company Profile

Allied Motion Technologies Inc designs, manufactures and sells precision and specialty motion control components and systems used in a range of industries. The Company serves various markets, including vehicle, medical, aerospace and defense, electronics and industrial. It focuses on motion control applications.

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