Allied Motion Technologies (NASDAQ:AMOT) Reaches New 12-Month High at $40.33

Allied Motion Technologies Inc. (NASDAQ:AMOTGet Rating) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $40.33 and last traded at $40.33, with a volume of 333 shares traded. The stock had previously closed at $39.75.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AMOT shares. Northland Securities started coverage on shares of Allied Motion Technologies in a research report on Monday, December 12th. They set an “outperform” rating and a $45.00 price target for the company. StockNews.com started coverage on shares of Allied Motion Technologies in a research report on Wednesday, October 12th. They set a “buy” rating for the company.

Allied Motion Technologies Stock Performance

The company has a current ratio of 2.58, a quick ratio of 1.31 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $638.78 million, a PE ratio of 41.44 and a beta of 1.48. The firm’s fifty day moving average price is $35.50 and its two-hundred day moving average price is $31.69.

Allied Motion Technologies (NASDAQ:AMOTGet Rating) last posted its earnings results on Wednesday, November 2nd. The technology company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.25. The firm had revenue of $134.41 million during the quarter, compared to analyst estimates of $126.90 million. Allied Motion Technologies had a net margin of 3.25% and a return on equity of 11.26%. As a group, equities research analysts forecast that Allied Motion Technologies Inc. will post 1.61 EPS for the current year.

Allied Motion Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Thursday, November 17th were paid a $0.025 dividend. The ex-dividend date was Wednesday, November 16th. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. Allied Motion Technologies’s dividend payout ratio is currently 10.31%.

Institutional Investors Weigh In On Allied Motion Technologies

A number of institutional investors have recently added to or reduced their stakes in AMOT. Amalgamated Bank acquired a new stake in Allied Motion Technologies in the 1st quarter valued at $56,000. Lazard Asset Management LLC grew its stake in Allied Motion Technologies by 47.0% in the 2nd quarter. Lazard Asset Management LLC now owns 2,838 shares of the technology company’s stock valued at $64,000 after acquiring an additional 907 shares during the period. BNP Paribas Arbitrage SA grew its stake in Allied Motion Technologies by 167.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,791 shares of the technology company’s stock valued at $64,000 after acquiring an additional 1,747 shares during the period. BNP Paribas Arbitrage SNC grew its stake in Allied Motion Technologies by 74.3% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 4,864 shares of the technology company’s stock valued at $139,000 after acquiring an additional 2,073 shares during the period. Finally, MetLife Investment Management LLC grew its stake in Allied Motion Technologies by 67.9% in the 1st quarter. MetLife Investment Management LLC now owns 6,936 shares of the technology company’s stock valued at $207,000 after acquiring an additional 2,806 shares during the period. Institutional investors and hedge funds own 58.45% of the company’s stock.

About Allied Motion Technologies

(Get Rating)

Allied Motion Technologies Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems that are used in a range of industries worldwide. The company offers brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, gearing, modular digital servo drives, motion controllers, optical encoders, active, and passive filters.

Further Reading

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