Zacks: Allied Motion Technologies, Inc. (AMOT) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) have received a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Analysts have set a twelve-month consensus target price of $37.00 for the company and are anticipating 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 107 out of 265 based on the ratings given to its competitors.
Several research analysts have commented on the company. BidaskClub downgraded Allied Motion Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Zacks Investment Research raised Allied Motion Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, October 9th. Finally, TheStreet upgraded Allied Motion Technologies from a “c+” rating to a “b” rating in a report on Thursday, November 16th.
Large investors have recently added to or reduced their stakes in the company. Quantum Capital Management bought a new stake in shares of Allied Motion Technologies during the third quarter worth about $843,000. Ark Investment Management LLC grew its holdings in shares of Allied Motion Technologies by 104.8% during the second quarter. Ark Investment Management LLC now owns 24,010 shares of the technology company’s stock worth $654,000 after purchasing an additional 12,289 shares during the last quarter. Numeric Investors LLC grew its holdings in shares of Allied Motion Technologies by 31.9% during the second quarter. Numeric Investors LLC now owns 39,984 shares of the technology company’s stock worth $1,088,000 after purchasing an additional 9,678 shares during the last quarter. Walthausen & Co. LLC grew its holdings in shares of 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 purchasing an additional 25,476 shares during the last quarter. Finally, Salem Investment Counselors Inc. bought a new stake in shares of Allied Motion Technologies during the second quarter worth about $1,145,000. Institutional investors own 41.12% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/01/09/zacks-allied-motion-technologies-inc-amot-given-consensus-recommendation-of-buy-by-brokerages.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Allied Motion Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allied Motion Technologies and related companies with MarketBeat.com's FREE daily email newsletter.