BidaskClub upgraded shares of Allied Motion Technologies (NASDAQ:AMOT) from a sell rating to a hold rating in a research report report published on Thursday morning, BidAskClub reports.

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.

Allied Motion Technologies (NASDAQ:AMOT) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Allied Motion Technologies had a net margin of 4.82% and a return on equity of 15.62%. The company had revenue of $92.63 million during the quarter. As a group, equities research analysts expect that Allied Motion Technologies will post 1.75 earnings per share for the current year.

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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