A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Allied Motion Technologies from a hold rating to a sell rating in a research note on Wednesday. ValuEngine raised shares of Allied Motion Technologies from a hold rating to a buy rating in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Allied Motion Technologies currently has an average rating of Hold and a consensus price target of $57.00.
NASDAQ AMOT opened at $34.77 on Thursday. Allied Motion Technologies has a 52 week low of $31.72 and a 52 week high of $55.47. The company has a current ratio of 2.63, a quick ratio of 1.47 and a debt-to-equity ratio of 1.11. The company has a market cap of $345.60 million, a PE ratio of 20.45, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60. The stock has a 50-day moving average price of $38.08.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Thursday, August 15th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Wednesday, August 14th. Allied Motion Technologies’s dividend payout ratio is currently 7.06%.
In related news, Director Michael R. Winter purchased 1,400 shares of Allied Motion Technologies stock in a transaction dated Tuesday, May 14th. The stock was bought at an average cost of $35.35 per share, with a total value of $49,490.00. Following the purchase, the director now owns 16,118 shares in the company, valued at approximately $569,771.30. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 23.10% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its stake in Allied Motion Technologies by 64.7% during the fourth quarter. Advisor Group Inc. now owns 1,400 shares of the technology company’s stock valued at $63,000 after purchasing an additional 550 shares during the last quarter. Marshall Wace LLP acquired a new stake in Allied Motion Technologies during the first quarter valued at approximately $29,000. BNP Paribas Arbitrage SA lifted its stake in 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 valued at $50,000 after purchasing an additional 1,461 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Allied Motion Technologies by 365.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,308 shares of the technology company’s stock valued at $103,000 after purchasing an additional 1,812 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in 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 valued at $173,000 after purchasing an additional 2,136 shares during the last quarter. 51.25% of the stock is owned by institutional investors and hedge funds.
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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