Allied Motion Technologies, Inc. (NASDAQ:AMOT) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a twelve-month consensus price target of $37.00 for the company and are anticipating that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also given Allied Motion Technologies an industry rank of 67 out of 265 based on the ratings given to its competitors.
AMOT has been the topic of several analyst reports. Zacks Investment Research cut shares of Allied Motion Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. BidaskClub raised shares of Allied Motion Technologies from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Finally, TheStreet raised shares of Allied Motion Technologies from a “c+” rating to a “b” rating in a research report on Thursday, November 16th.
Shares of Allied Motion Technologies (NASDAQ AMOT) traded up $0.02 during trading hours on Friday, reaching $31.24. 32,700 shares of the company’s stock traded hands, compared to its average volume of 37,100. The company has a quick ratio of 1.76, a current ratio of 2.80 and a debt-to-equity ratio of 0.71. Allied Motion Technologies has a 52-week low of $19.09 and a 52-week high of $36.20. The company has a market cap of $295.31, a PE ratio of 33.23, a PEG ratio of 1.39 and a beta of 1.95.
Hedge funds have recently modified their holdings of the company. Earnest Partners LLC bought a new stake in shares of Allied Motion Technologies in the 4th quarter valued at about $116,000. Nationwide Fund Advisors raised its holdings in shares of Allied Motion Technologies by 11.8% in the 2nd quarter. Nationwide Fund Advisors now owns 4,778 shares of the technology company’s stock valued at $130,000 after purchasing an additional 505 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Allied Motion Technologies by 7.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,144 shares of the technology company’s stock valued at $167,000 after purchasing an additional 401 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Allied Motion Technologies by 74.6% in the 3rd quarter. Wells Fargo & Company MN now owns 7,520 shares of the technology company’s stock valued at $191,000 after purchasing an additional 3,213 shares during the period. Finally, Citigroup Inc. raised its holdings in shares of Allied Motion Technologies by 130.8% in the 2nd quarter. Citigroup Inc. now owns 7,449 shares of the technology company’s stock valued at $203,000 after purchasing an additional 4,222 shares during the period. 43.95% of the stock is currently owned by institutional investors.
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About Allied Motion Technologies
Allied Motion Technologies Inc designs, manufactures and sells precision and specialty motion control components and systems used in a range of industries. The Company serves various markets, including vehicle, medical, aerospace and defense, electronics and industrial. It focuses on motion control applications.
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