Allied Motion Technologies, Inc. (AMOT) Set to Announce Quarterly Earnings on Tuesday
Allied Motion Technologies, Inc. (NASDAQ:AMOT) is scheduled to announce its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.27 per share for the quarter.
Allied Motion Technologies (NASDAQ:AMOT) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.07). Allied Motion Technologies had a return on equity of 10.65% and a net margin of 3.41%. The business had revenue of $60.34 million during the quarter, compared to analysts’ expectations of $62.17 million. On average, analysts expect Allied Motion Technologies to post $1 EPS for the current fiscal year and $1.25 EPS for the next fiscal year.
Allied Motion Technologies, Inc. (AMOT) opened at 27.1078 on Tuesday. The stock has a 50 day moving average price of $25.83 and a 200 day moving average price of $25.76. The company has a market cap of $256.22 million, a price-to-earnings ratio of 29.2110 and a beta of 1.90. Allied Motion Technologies, Inc. has a 12 month low of $15.54 and a 12 month high of $30.31.
An institutional investor recently raised its position in Allied Motion Technologies stock. The Manufacturers Life Insurance Company raised its holdings in shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) by 7.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,144 shares of the technology company’s stock after purchasing an additional 401 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of Allied Motion Technologies worth $167,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 41.53% of the company’s stock.
A number of analysts have weighed in on AMOT shares. Zacks Investment Research upgraded Allied Motion Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, October 9th. TheStreet lowered Allied Motion Technologies from a “b” rating to a “c+” rating in a report on Tuesday, August 8th. Finally, BidaskClub upgraded Allied Motion Technologies from a “hold” rating to a “buy” rating in a report on Thursday, July 13th.
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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