Allied Motion Technologies, Inc. (AMOT) Given Average Recommendation of “Hold” by Analysts

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Allied Motion Technologies, Inc. (NASDAQ:AMOT) has earned a consensus rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $66.00.

A number of research analysts have issued reports on AMOT shares. ValuEngine lowered shares of Allied Motion Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, December 5th. Zacks Investment Research lowered shares of Allied Motion Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Craig Hallum set a $66.00 target price on shares of Allied Motion Technologies and gave the company a “buy” rating in a research note on Friday, December 7th. Finally, BidaskClub lowered shares of Allied Motion Technologies from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 24th.

Allied Motion Technologies stock traded down $1.18 during midday trading on Thursday, reaching $40.49. 297,200 shares of the stock traded hands, compared to its average volume of 36,378. The company has a quick ratio of 1.39, a current ratio of 2.44 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $392.42 million, a price-to-earnings ratio of 33.19, a PEG ratio of 1.77 and a beta of 1.68. Allied Motion Technologies has a fifty-two week low of $33.57 and a fifty-two week high of $55.47.

Allied Motion Technologies (NASDAQ:AMOT) last posted its earnings results on Wednesday, March 13th. The technology company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.15). The firm had revenue of $73.96 million for the quarter. Allied Motion Technologies had a net margin of 4.43% and a return on equity of 17.59%. Research analysts expect that Allied Motion Technologies will post 1.86 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Wednesday, March 27th. Allied Motion Technologies’s payout ratio is 9.84%.

Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Allied Motion Technologies by 2.9% in the 3rd quarter. BlackRock Inc. now owns 553,380 shares of the technology company’s stock worth $30,121,000 after acquiring an additional 15,553 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Allied Motion Technologies by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 459,296 shares of the technology company’s stock worth $24,998,000 after acquiring an additional 12,741 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Allied Motion Technologies by 15.2% in the 3rd quarter. Renaissance Technologies LLC now owns 364,100 shares of the technology company’s stock worth $19,818,000 after acquiring an additional 48,100 shares during the period. Vanguard Group Inc lifted its stake in shares of Allied Motion Technologies by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 341,666 shares of the technology company’s stock worth $18,597,000 after acquiring an additional 1,482 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Allied Motion Technologies by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 341,666 shares of the technology company’s stock worth $18,597,000 after acquiring an additional 1,482 shares during the period. 50.49% of the stock is owned by 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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