Allied Motion Technologies (AMOT) Lowered to Sell at BidaskClub

Allied Motion Technologies (NASDAQ:AMOT) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

AMOT has been the topic of a number of other reports. Zacks Investment Research lowered Allied Motion Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. TheStreet raised Allied Motion Technologies from a “c+” rating to a “b” rating in a report on Thursday, November 16th.

Allied Motion Technologies (NASDAQ:AMOT) traded down $0.22 during midday trading on Thursday, reaching $35.02. The company had a trading volume of 36,880 shares, compared to its average volume of 33,582. The company has a market cap of $333.12, a price-to-earnings ratio of 37.26, a PEG ratio of 1.57 and a beta of 1.94. Allied Motion Technologies has a 1-year low of $19.09 and a 1-year high of $36.20. 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 (NASDAQ:AMOT) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.06. Allied Motion Technologies had a return on equity of 10.92% and a net margin of 3.57%. research analysts anticipate that Allied Motion Technologies will post 1.1 earnings per share for the current year.

A number of large investors have recently bought and sold shares of AMOT. Schwab Charles Investment Management Inc. acquired a new position in Allied Motion Technologies during the 2nd quarter worth $218,000. Bank of New York Mellon Corp lifted its holdings in Allied Motion Technologies by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 129,434 shares of the technology company’s stock worth $3,524,000 after buying an additional 2,097 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Allied Motion Technologies by 19.1% during the 2nd quarter. Teachers Advisors LLC now owns 13,107 shares of the technology company’s stock worth $357,000 after buying an additional 2,098 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in Allied Motion Technologies by 11.8% during the 2nd quarter. Nationwide Fund Advisors now owns 4,778 shares of the technology company’s stock worth $130,000 after buying an additional 505 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in Allied Motion Technologies by 66.6% during the 2nd quarter. New York State Common Retirement Fund now owns 9,500 shares of the technology company’s stock worth $259,000 after buying an additional 3,799 shares in the last quarter. 41.32% of the stock is currently owned by hedge funds and other institutional investors.

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About Allied Motion Technologies

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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