Shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) have been given a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

Brokers have set a 12-month consensus price objective of $30.00 for the company and are expecting that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also assigned Allied Motion Technologies an industry rank of 224 out of 265 based on the ratings given to its competitors.

AMOT has been the subject of several research reports. Zacks Investment Research raised shares of Allied Motion Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, October 9th. TheStreet cut shares of Allied Motion Technologies from a “b” rating to a “c+” rating in a research report on Tuesday, August 8th. Finally, BidaskClub raised shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th.

Several institutional investors and hedge funds have recently made changes to their positions in AMOT. Geode Capital Management LLC lifted its position in shares of Allied Motion Technologies by 3.2% in the 1st quarter. Geode Capital Management LLC now owns 66,744 shares of the technology company’s stock worth $1,341,000 after purchasing an additional 2,055 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Allied Motion Technologies by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 391,624 shares of the technology company’s stock worth $7,872,000 after purchasing an additional 28,050 shares during the period. Renaissance Technologies LLC lifted its position in shares of Allied Motion Technologies by 23.0% in the 1st quarter. Renaissance Technologies LLC now owns 84,400 shares of the technology company’s stock worth $1,696,000 after purchasing an additional 15,800 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Allied Motion Technologies by 17.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 165,408 shares of the technology company’s stock worth $4,502,000 after acquiring an additional 24,623 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of Allied Motion Technologies by 5.9% during the 2nd quarter. Strs Ohio now owns 7,200 shares of the technology company’s stock worth $195,000 after acquiring an additional 400 shares in the last quarter. 41.42% of the stock is owned by hedge funds and other institutional investors.

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Shares of Allied Motion Technologies (NASDAQ:AMOT) opened at $33.21 on Friday. The stock has a market cap of $313.93, a PE ratio of 35.33, a price-to-earnings-growth ratio of 2.08 and a beta of 1.91. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.80 and a quick ratio of 1.88. Allied Motion Technologies has a 52-week low of $18.12 and a 52-week high of $33.63.

Allied Motion Technologies (NASDAQ:AMOT) last announced its quarterly earnings results 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 10.92% and a net margin of 3.57%. The business had revenue of $60.34 million during the quarter, compared to analysts’ expectations of $62.17 million. equities research analysts anticipate that Allied Motion Technologies will post 1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Thursday, November 16th will be given a $0.025 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $0.10 annualized dividend and a dividend yield of 0.30%. Allied Motion Technologies’s payout ratio is presently 10.64%.

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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