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

Brokerages have set a 1-year consensus target price of $37.00 for the company and are predicting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Allied Motion Technologies an industry rank of 117 out of 265 based on the ratings given to related companies.

A number of research firms have recently issued reports on AMOT. BidaskClub lowered Allied Motion Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. TheStreet raised Allied Motion Technologies from a “c+” rating to a “b” rating in a report on Thursday, November 16th. Finally, Zacks Investment Research raised Allied Motion Technologies from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective on the stock in a report on Thursday, November 16th.

A number of hedge funds have recently made changes to their positions in AMOT. Salem Investment Counselors Inc. acquired a new position in Allied Motion Technologies during the second quarter worth $1,145,000. Quantum Capital Management acquired a new position in Allied Motion Technologies during the third quarter worth $843,000. Dimensional Fund Advisors LP grew its holdings in Allied Motion Technologies by 7.7% during the first quarter. Dimensional Fund Advisors LP now owns 391,624 shares of the technology company’s stock worth $7,872,000 after acquiring an additional 28,050 shares during the period. Wedge Capital Management L L P NC acquired a new position in Allied Motion Technologies during the third quarter worth $697,000. Finally, Walthausen & Co. LLC grew its holdings in Allied Motion Technologies by 11.9% during the second quarter. Walthausen & Co. LLC now owns 240,287 shares of the technology company’s stock worth $6,541,000 after acquiring an additional 25,476 shares during the period. 41.38% of the stock is currently owned by hedge funds and other institutional investors.

Allied Motion Technologies (AMOT) traded up $0.01 during trading hours on Friday, hitting $31.98. The stock had a trading volume of 16,695 shares, compared to its average volume of 36,442. The firm has a market capitalization of $302.21, a price-to-earnings ratio of 34.01, a P/E/G ratio of 1.82 and a beta of 1.94. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.76 and a current ratio of 2.80. Allied Motion Technologies has a 1-year low of $19.09 and a 1-year high of $34.83.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Thursday, November 16th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend was Wednesday, November 15th. Allied Motion Technologies’s dividend payout ratio is presently 10.64%.

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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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