Allied Motion Technologies, Inc. (NASDAQ:AMOT) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a $37.00 price objective on the technology company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 14.41% from the company’s current price.

According to Zacks, “Hathaway Corporation is engaged in the business of designing, manufacturing and selling advanced systems and instrumentation to the worldwide power and process industries, as well as motion control products to a broad spectrum of customers throughout the world. The company’s power instrumentation products helps ensure that electric utilities provide high quality service to consumers of electricity. The company’s equipment assists the electric power system operators in operating and maintaining proper system performance. “

Separately, TheStreet cut shares of Allied Motion Technologies from a “b” rating to a “c+” rating in a research note on Tuesday, August 8th.

Allied Motion Technologies (NASDAQ:AMOT) traded up $0.43 during mid-day trading on Thursday, hitting $32.34. The stock had a trading volume of 63,333 shares, compared to its average volume of 30,840. Allied Motion Technologies has a 52 week low of $19.09 and a 52 week high of $34.83. The company has a market cap of $302.40, a price-to-earnings ratio of 34.03, a P/E/G ratio of 2.00 and a beta of 1.91. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.76 and a current ratio of 2.80.

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Several hedge funds and other institutional investors have recently bought and sold shares of AMOT. Nationwide Fund Advisors raised its holdings in Allied Motion Technologies by 11.8% in the 2nd quarter. Nationwide Fund Advisors now owns 4,778 shares of the technology company’s stock valued at $130,000 after buying an additional 505 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Allied Motion Technologies by 7.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,144 shares of the technology company’s stock valued at $167,000 after buying an additional 401 shares during the period. Strs Ohio raised its holdings in Allied Motion Technologies by 5.9% in the 2nd quarter. Strs Ohio now owns 7,200 shares of the technology company’s stock valued at $195,000 after buying an additional 400 shares during the period. Citigroup Inc. raised its holdings in Allied Motion Technologies by 130.8% in the 2nd quarter. Citigroup Inc. now owns 7,449 shares of the technology company’s stock valued at $203,000 after buying an additional 4,222 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Allied Motion Technologies by 74.6% in the 3rd quarter. Wells Fargo & Company MN now owns 7,520 shares of the technology company’s stock valued at $191,000 after buying an additional 3,213 shares during the period. Institutional investors and hedge funds own 41.64% 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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