Allied Motion Technologies, Inc. (NASDAQ:AMOT) Director Richard D. /Co/ Smith Sells 300 Shares

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Allied Motion Technologies, Inc. (NASDAQ:AMOT) Director Richard D. /Co/ Smith sold 300 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $39.85, for a total value of $11,955.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Allied Motion Technologies stock traded down $0.48 during trading on Tuesday, reaching $39.00. 26,600 shares of the stock were exchanged, compared to its average volume of 49,062. The company has a quick ratio of 1.47, a current ratio of 2.63 and a debt-to-equity ratio of 1.11. The stock’s fifty day moving average is $35.33 and its 200 day moving average is $36.61. The firm has a market cap of $381.31 million, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 2.27 and a beta of 1.55. Allied Motion Technologies, Inc. has a 1 year low of $30.98 and a 1 year high of $55.47.

Allied Motion Technologies (NASDAQ:AMOT) last posted its earnings results on Thursday, August 1st. The technology company reported $0.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.47. The company had revenue of $92.63 million during the quarter. Allied Motion Technologies had a net margin of 4.82% and a return on equity of 15.62%. Equities analysts forecast that Allied Motion Technologies, Inc. will post 1.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.31%. Allied Motion Technologies’s dividend payout ratio is currently 7.06%.

AMOT has been the topic of a number of recent research reports. ValuEngine raised Allied Motion Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 6th. Zacks Investment Research cut Allied Motion Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Finally, BidaskClub raised Allied Motion Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $57.00.

Several institutional investors have recently bought and sold shares of AMOT. Bank of America Corp DE boosted its holdings in shares of Allied Motion Technologies by 121.6% during the fourth quarter. Bank of America Corp DE now owns 3,892 shares of the technology company’s stock worth $173,000 after purchasing an additional 2,136 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Allied Motion Technologies by 73,050.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,463 shares of the technology company’s stock worth $50,000 after purchasing an additional 1,461 shares during the period. Walthausen & Co. LLC boosted its holdings in shares of Allied Motion Technologies by 16.3% during the first 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 period. AJO LP boosted its holdings in shares of Allied Motion Technologies by 35.0% during the first quarter. AJO LP now owns 78,873 shares of the technology company’s stock worth $2,712,000 after purchasing an additional 20,441 shares during the period. Finally, White Pine Capital LLC boosted its holdings in shares of Allied Motion Technologies by 94.4% during the first quarter. White Pine Capital LLC now owns 21,365 shares of the technology company’s stock worth $735,000 after purchasing an additional 10,375 shares during the period. Institutional investors own 49.55% of the company’s stock.

Allied Motion Technologies Company Profile

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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