Allied Motion Technologies, Inc. (NASDAQ:AMOT) Director Richard D. /Co/ Smith sold 300 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $39.85, for a total transaction of $11,955.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Allied Motion Technologies stock traded down $0.48 during trading hours on Tuesday, reaching $39.00. The company’s stock had a trading volume of 26,600 shares, compared to its average volume of 49,062. The firm has a 50 day moving average price of $35.33 and a 200-day moving average price of $36.61. Allied Motion Technologies, Inc. has a one year low of $30.98 and a one year high of $55.47. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.63 and a quick ratio of 1.47. The stock has a market cap of $381.31 million, a P/E ratio of 22.94, a P/E/G ratio of 2.27 and a beta of 1.55.
Allied Motion Technologies (NASDAQ:AMOT) last posted its earnings results on Thursday, August 1st. The technology company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Allied Motion Technologies had a net margin of 4.82% and a return on equity of 15.62%. The firm had revenue of $92.63 million for the quarter. As a group, sell-side analysts forecast that Allied Motion Technologies, Inc. will post 1.75 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in shares of Allied Motion Technologies in the 1st quarter worth about $29,000. BNP Paribas Arbitrage SA increased its holdings in shares of Allied Motion Technologies by 73,050.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,463 shares of the technology company’s stock worth $50,000 after buying an additional 1,461 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Allied Motion Technologies by 121.6% in the 4th quarter. Bank of America Corp DE now owns 3,892 shares of the technology company’s stock worth $173,000 after buying an additional 2,136 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Allied Motion Technologies in the 1st quarter worth about $153,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in shares of Allied Motion Technologies in the 2nd quarter worth about $202,000. Hedge funds and other institutional investors own 49.55% of the company’s stock.
Several brokerages have commented on AMOT. Zacks Investment Research cut shares of Allied Motion Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. BidaskClub upgraded shares of Allied Motion Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. Finally, ValuEngine upgraded shares of Allied Motion Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $57.00.
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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