Allied Motion Technologies, Inc. (AMOT) Set to Announce Quarterly Earnings on Thursday
Allied Motion Technologies, Inc. (NASDAQ:AMOT) is scheduled to issue its quarterly earnings data before the market opens on Thursday, August 3rd. Analysts expect the company to announce earnings of $0.31 per share for the quarter.
Shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) opened at 29.79 on Thursday. Allied Motion Technologies, Inc. has a 12-month low of $15.54 and a 12-month high of $30.31. The firm’s 50-day moving average price is $27.61 and its 200 day moving average price is $24.07. The firm has a market cap of $282.14 million, a P/E ratio of 28.62 and a beta of 1.87.
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In other Allied Motion Technologies news, Director Richard D. /Co/ Smith sold 3,900 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $24.93, for a total transaction of $97,227.00. Following the completion of the sale, the director now directly owns 47,429 shares in the company, valued at approximately $1,182,404.97. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard D. /Co/ Smith sold 7,000 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $25.90, for a total transaction of $181,300.00. Following the sale, the director now owns 47,429 shares of the company’s stock, valued at $1,228,411.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,916 shares of company stock valued at $540,273. Company insiders own 30.80% of the company’s stock.
Several equities analysts recently issued reports on AMOT shares. BidaskClub raised Allied Motion Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of Allied Motion Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th.
About Allied Motion Technologies
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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