Richard D. /Co/ Smith Sells 300 Shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) Stock

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.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Thursday, August 15th were issued a $0.03 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.31%. Allied Motion Technologies’s dividend payout ratio (DPR) is presently 7.06%.

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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