ValuEngine Downgrades Allied Motion Technologies (AMOT) to Hold

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ValuEngine lowered shares of Allied Motion Technologies (NASDAQ:AMOT) from a buy rating to a hold rating in a research report report published on Wednesday morning.

Other analysts have also recently issued research reports about the company. BidaskClub cut Allied Motion Technologies from a hold rating to a sell rating in a research report on Tuesday, October 9th. Dougherty & Co raised Allied Motion Technologies from a neutral rating to a buy rating in a research report on Monday, October 29th. Zacks Investment Research raised Allied Motion Technologies from a hold rating to a strong-buy rating and set a $57.00 price objective for the company in a research report on Wednesday, November 7th. Finally, Craig Hallum set a $62.00 price objective on Allied Motion Technologies and gave the stock a buy rating in a research report on Friday, November 2nd. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $59.50.

Shares of NASDAQ AMOT opened at $44.61 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 1.39 and a debt-to-equity ratio of 0.62. The firm has a market cap of $422.74 million, a price-to-earnings ratio of 36.57, a P/E/G ratio of 2.40 and a beta of 2.12. Allied Motion Technologies has a 12-month low of $28.08 and a 12-month high of $55.47.

Allied Motion Technologies (NASDAQ:AMOT) last announced its earnings results on Wednesday, October 31st. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.16. The business had revenue of $80.09 million for the quarter. Allied Motion Technologies had a return on equity of 17.59% and a net margin of 4.43%. As a group, equities research analysts expect that Allied Motion Technologies will post 1.86 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Thursday, November 15th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.27%. Allied Motion Technologies’s payout ratio is 9.84%.

Institutional investors have recently bought and sold shares of the company. Rhumbline Advisers boosted its position in shares of Allied Motion Technologies by 20.7% in the 2nd quarter. Rhumbline Advisers now owns 6,813 shares of the technology company’s stock worth $326,000 after purchasing an additional 1,168 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Allied Motion Technologies by 16.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 13,933 shares of the technology company’s stock worth $668,000 after purchasing an additional 1,959 shares in the last quarter. Alambic Investment Management L.P. boosted its position in shares of Allied Motion Technologies by 57.0% in the 2nd quarter. Alambic Investment Management L.P. now owns 8,810 shares of the technology company’s stock worth $422,000 after purchasing an additional 3,200 shares in the last quarter. Alps Advisors Inc. purchased a new position in Allied Motion Technologies in the 3rd quarter worth $534,000. Finally, California Public Employees Retirement System raised its stake in Allied Motion Technologies by 5.5% in the 2nd quarter. California Public Employees Retirement System now owns 27,454 shares of the technology company’s stock worth $1,314,000 after acquiring an additional 1,430 shares during the last quarter. 48.73% of the stock is owned by hedge funds and other institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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