Allient (ALNT) to Release Earnings on Wednesday

Allient (NASDAQ:ALNT) is expected to announce its earnings results after the market closes on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $119.72 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Allient Stock Down 4.1 %

Shares of ALNT stock opened at $23.85 on Tuesday. The stock has a 50 day moving average of $25.31 and a 200 day moving average of $22.74. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. The stock has a market cap of $401.75 million, a P/E ratio of 27.10 and a beta of 1.61. Allient has a twelve month low of $16.91 and a twelve month high of $36.33.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Northland Capmk raised Allient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Northland Securities raised Allient from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $30.00 to $35.00 in a report on Tuesday, February 11th.

About Allient

Allient Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems for various industries in the United States, Canada, South America, Europe, and Asia-Pacific. It offers brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, gearing, modular digital servo drives, motion controllers, optical encoders, active and passive filters, input/output modules, industrial communications gateways, light-weighting technologies, and other controlled motion-related products, as well as nano precision positioning systems, servo control systems, and digital servo amplifiers and drives.