Insider Buying: Richard Federico Purchases 5,000 Shares of Allied Motion Technologies Stock (AMOT)
Allied Motion Technologies (NASDAQ:AMOT) Director Richard Federico bought 5,000 shares of the stock on the open market in a transaction that occurred on Tuesday, September 24th. The stock was purchased at an average cost of $8.08 per share, for a total transaction of $40,400.00. Following the acquisition, the director now directly owns 18,633 shares of the company’s stock, valued at approximately $150,555. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Allied Motion Technologies (NASDAQ:AMOT) traded up 0.12% during mid-day trading on Thursday, hitting $8.05. The stock had a trading volume of 14,558 shares. Allied Motion Technologies has a 52 week low of $6.24 and a 52 week high of $8.98. The stock’s 50-day moving average is $7.88 and its 200-day moving average is $7.20. The company has a market cap of $71.2 million and a P/E ratio of 16.78.
Allied Motion Technologies (NASDAQ:AMOT) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $25.35 million for the quarter, compared to the consensus estimate of $266.84 million.
Allied Motion Technologies Inc (NASDAQ:AMOT) designs, manufactures and sells motors, electronic motion controls, gearing and optical encoders to a range of customers throughout the world.
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