Allied Motion Technologies, Inc. (NASDAQ:AMOT) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Separately, Zacks Investment Research upgraded shares of Allied Motion Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 11th.

Shares of Allied Motion Technologies (AMOT) traded up 0.21% on Thursday, reaching $28.43. 16,454 shares of the company were exchanged. The company’s 50 day moving average is $26.39 and its 200 day moving average is $23.32. The firm has a market capitalization of $269.26 million, a PE ratio of 27.08 and a beta of 1.87. Allied Motion Technologies has a 12-month low of $15.54 and a 12-month high of $28.46.

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In other news, Director Richard D. /Co/ Smith sold 3,900 shares of Allied Motion Technologies stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $24.93, for a total value of $97,227.00. Following the completion of the transaction, the director now owns 47,429 shares in the company, valued at $1,182,404.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard D. /Co/ Smith sold 3,016 shares of Allied Motion Technologies stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $27.85, for a total transaction of $83,995.60. Following the completion of the transaction, the director now owns 47,429 shares of the company’s stock, valued at approximately $1,320,897.65. The disclosure for this sale can be found here. Insiders sold 20,916 shares of company stock valued at $540,273 in the last quarter. Corporate insiders own 30.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in Allied Motion Technologies by 1.6% in the fourth quarter. State Street Corp now owns 97,219 shares of the technology company’s stock valued at $2,081,000 after buying an additional 1,561 shares during the last quarter. Geode Capital Management LLC increased its position in Allied Motion Technologies by 3.2% in the first quarter. Geode Capital Management LLC now owns 66,744 shares of the technology company’s stock valued at $1,341,000 after buying an additional 2,055 shares during the last quarter. Algert Global LLC increased its position in Allied Motion Technologies by 8.0% in the first quarter. Algert Global LLC now owns 60,312 shares of the technology company’s stock valued at $1,212,000 after buying an additional 4,490 shares during the last quarter. Renaissance Technologies LLC increased its position in Allied Motion Technologies by 15.3% in the fourth quarter. Renaissance Technologies LLC now owns 68,600 shares of the technology company’s stock valued at $1,467,000 after buying an additional 9,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Allied Motion Technologies by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 363,574 shares of the technology company’s stock valued at $7,777,000 after buying an additional 11,676 shares during the last quarter. Hedge funds and other institutional investors own 38.94% of the company’s stock.

Allied Motion Technologies Company Profile

Allied Motion Technologies Inc designs, manufactures and sells precision and specialty motion control components and systems used in a range of industries. The Company serves various markets, including vehicle, medical, aerospace and defense, electronics and industrial. It focuses on motion control applications.

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