Allied Motion Technologies (NASDAQ:AMOT) Upgraded to “Hold” at BidaskClub
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Allied Motion Technologies from a hold rating to a sell rating in a research report on Wednesday, August 7th. ValuEngine raised shares of Allied Motion Technologies from a buy rating to a strong-buy rating in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $57.00.
NASDAQ AMOT traded up $1.75 during mid-day trading on Thursday, reaching $39.99. The stock had a trading volume of 1,974 shares, compared to its average volume of 28,232. Allied Motion Technologies has a 1 year low of $30.98 and a 1 year high of $55.47. The stock has a market cap of $342.62 million, a PE ratio of 23.55, a price-to-earnings-growth ratio of 2.04 and a beta of 1.55. The company has a fifty day moving average price of $35.34 and a 200 day moving average price of $36.66. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.63 and a quick ratio of 1.47.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Thursday, August 15th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Wednesday, August 14th. Allied Motion Technologies’s payout ratio is 7.06%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Allied Motion Technologies by 9.0% during the 2nd quarter. Vanguard Group Inc. now owns 392,875 shares of the technology company’s stock worth $14,890,000 after acquiring an additional 32,525 shares during the period. Walthausen & Co. LLC lifted its holdings in Allied Motion Technologies by 16.3% during the 1st quarter. Walthausen & Co. LLC now owns 260,417 shares of the technology company’s stock worth $8,953,000 after purchasing an additional 36,540 shares during the last quarter. Investment Management of Virginia LLC lifted its holdings in Allied Motion Technologies by 221.1% during the 2nd quarter. Investment Management of Virginia LLC now owns 158,246 shares of the technology company’s stock worth $5,997,000 after purchasing an additional 108,956 shares during the last quarter. Confluence Investment Management LLC lifted its holdings in Allied Motion Technologies by 12.4% during the 2nd quarter. Confluence Investment Management LLC now owns 154,297 shares of the technology company’s stock worth $5,848,000 after purchasing an additional 16,972 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Allied Motion Technologies by 88.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 128,594 shares of the technology company’s stock worth $4,873,000 after purchasing an additional 60,351 shares during the last quarter. Institutional investors 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.
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