BidaskClub Downgrades Allied Motion Technologies (AMOT) to Sell

Allied Motion Technologies (NASDAQ:AMOT) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other equities research analysts have also commented on the stock. ValuEngine upgraded shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Craig Hallum set a $66.00 price objective on shares of Allied Motion Technologies and gave the stock a “buy” rating in a report on Friday, December 7th. Zacks Investment Research upgraded shares of Allied Motion Technologies from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective for the company in a report on Wednesday, November 7th. Finally, Dougherty & Co upgraded shares of Allied Motion Technologies from a “neutral” rating to a “buy” rating in a report on Monday, October 29th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Allied Motion Technologies currently has an average rating of “Buy” and a consensus price target of $61.50.

NASDAQ:AMOT opened at $44.86 on Friday. Allied Motion Technologies has a 52 week low of $28.08 and a 52 week high of $55.47. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.44 and a quick ratio of 1.39. The firm has a market cap of $430.07 million, a P/E ratio of 36.77, a PEG ratio of 1.94 and a beta of 1.93.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. North Star Investment Management Corp. boosted its holdings in shares of Allied Motion Technologies by 83.3% during the 4th quarter. North Star Investment Management Corp. now owns 4,400 shares of the technology company’s stock valued at $197,000 after acquiring an additional 2,000 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Allied Motion Technologies during the 2nd quarter valued at about $206,000. Comerica Bank purchased a new stake in shares of Allied Motion Technologies during the 3rd quarter valued at about $221,000. Paloma Partners Management Co purchased a new stake in shares of Allied Motion Technologies during the 3rd quarter valued at about $242,000. Finally, Globeflex Capital L P purchased a new stake in shares of Allied Motion Technologies during the 3rd quarter valued at about $256,000. Institutional investors and hedge funds own 48.68% of the company’s stock.

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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