Allied Motion Technologies, Inc. (NASDAQ:AMOT) – Equities researchers at Dougherty & Co dropped their Q3 2017 earnings per share (EPS) estimates for Allied Motion Technologies in a research report issued on Thursday, according to Zacks Investment Research. Dougherty & Co analyst R. Ryan now expects that the technology company will post earnings of $0.39 per share for the quarter, down from their previous forecast of $0.42. Dougherty & Co also issued estimates for Allied Motion Technologies’ FY2017 earnings at $1.30 EPS.

Allied Motion Technologies (NASDAQ:AMOT) last issued its earnings results on Monday, March 13th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.19 by $0.11. The firm had revenue of $55.34 million during the quarter, compared to the consensus estimate of $59.01 million. Allied Motion Technologies had a return on equity of 11.83% and a net margin of 3.43%.

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Separately, Zacks Investment Research lowered Allied Motion Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, March 16th.

Shares of Allied Motion Technologies (NASDAQ:AMOT) traded down 0.56% on Monday, reaching $24.73. The company had a trading volume of 8,863 shares. The firm has a market capitalization of $234.22 million, a price-to-earnings ratio of 23.76 and a beta of 2.04. The company’s 50-day moving average price is $22.93 and its 200-day moving average price is $22.13. Allied Motion Technologies has a 52-week low of $15.54 and a 52-week high of $26.16.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.40%. Allied Motion Technologies’s payout ratio is 11.36%.

Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its stake in Allied Motion Technologies by 23.0% in the first quarter. Renaissance Technologies LLC now owns 84,400 shares of the technology company’s stock worth $1,696,000 after buying an additional 15,800 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Allied Motion Technologies by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 391,624 shares of the technology company’s stock valued at $7,872,000 after buying an additional 28,050 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Allied Motion Technologies by 3.2% in the first quarter. Geode Capital Management LLC now owns 66,744 shares of the technology company’s stock valued at $1,341,000 after buying an additional 2,055 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Allied Motion Technologies by 6.5% in the first quarter. Vanguard Group Inc. now owns 290,732 shares of the technology company’s stock valued at $5,843,000 after buying an additional 17,790 shares in the last quarter. Finally, ACK Asset Management LLC acquired a new stake in shares of Allied Motion Technologies during the first quarter valued at $5,225,000. Hedge funds and other institutional investors own 39.63% 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 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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