Brokerages Set $37.00 Target Price for Allied Motion Technologies, Inc. (AMOT)

Shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Brokers have set a twelve-month consensus target price of $37.00 for the company and are forecasting that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also given Allied Motion Technologies an industry rank of 53 out of 265 based on the ratings given to related companies.

A number of analysts have weighed in on AMOT shares. TheStreet raised shares of Allied Motion Technologies from a “c+” rating to a “b” rating in a research note on Thursday, November 16th. Zacks Investment Research cut shares of Allied Motion Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, BidaskClub cut shares of Allied Motion Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th.

Shares of Allied Motion Technologies (NASDAQ AMOT) opened at $31.12 on Thursday. The firm has a market cap of $300.13, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 1.41 and a beta of 1.95. Allied Motion Technologies has a one year low of $19.09 and a one 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.

Several large investors have recently modified their holdings of AMOT. Schwab Charles Investment Management Inc. acquired a new position in shares of Allied Motion Technologies during the second quarter worth $218,000. Teachers Advisors LLC lifted its holdings in shares of Allied Motion Technologies by 19.1% during the second quarter. Teachers Advisors LLC now owns 13,107 shares of the technology company’s stock worth $357,000 after purchasing an additional 2,098 shares during the period. Nationwide Fund Advisors lifted its holdings in shares of Allied Motion Technologies by 11.8% during the second quarter. Nationwide Fund Advisors now owns 4,778 shares of the technology company’s stock worth $130,000 after purchasing an additional 505 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Allied Motion Technologies by 66.6% during the second quarter. New York State Common Retirement Fund now owns 9,500 shares of the technology company’s stock worth $259,000 after purchasing an additional 3,799 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of Allied Motion Technologies by 130.8% during the second quarter. Citigroup Inc. now owns 7,449 shares of the technology company’s stock worth $203,000 after purchasing an additional 4,222 shares during the period. Institutional investors own 41.39% of the company’s stock.

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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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