Allied Motion Technologies, Inc. (AMOT) Receives Average Recommendation of “Hold” from Analysts

Allied Motion Technologies, Inc. (NASDAQ:AMOT) has been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $66.00.

Several analysts recently commented on the stock. Craig Hallum set a $66.00 price target on shares of Allied Motion Technologies and gave the stock a “buy” rating in a report on Friday, December 7th. BidaskClub cut shares of Allied Motion Technologies from a “hold” rating to a “sell” rating in a report on Saturday, January 12th. ValuEngine upgraded shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Finally, Zacks Investment Research upgraded shares of Allied Motion Technologies from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Thursday, February 21st.

Shares of AMOT opened at $34.38 on Monday. Allied Motion Technologies has a one year low of $34.01 and a one year high of $55.47. The stock has a market capitalization of $327.81 million, a price-to-earnings ratio of 20.22, a PEG ratio of 1.53 and a beta of 1.68. The company has a quick ratio of 1.25, a current ratio of 2.49 and a debt-to-equity ratio of 1.20.

Allied Motion Technologies (NASDAQ:AMOT) last announced its earnings results on Wednesday, March 13th. The technology company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.15). Allied Motion Technologies had a return on equity of 16.21% and a net margin of 5.13%. The firm had revenue of $73.96 million during the quarter. As a group, analysts anticipate that Allied Motion Technologies will post 2.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Thursday, March 28th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Wednesday, March 27th. Allied Motion Technologies’s dividend payout ratio is currently 7.06%.

Several hedge funds have recently bought and sold shares of AMOT. WealthTrust Arizona LLC boosted its holdings in shares of Allied Motion Technologies by 60.0% during the fourth quarter. WealthTrust Arizona LLC now owns 800 shares of the technology company’s stock worth $36,000 after purchasing an additional 300 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Allied Motion Technologies during the fourth quarter worth approximately $38,000. Advisor Group Inc. boosted its holdings in shares of Allied Motion Technologies by 64.7% during the fourth quarter. Advisor Group Inc. now owns 1,400 shares of the technology company’s stock worth $63,000 after purchasing an additional 550 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Allied Motion Technologies by 365.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,308 shares of the technology company’s stock worth $103,000 after purchasing an additional 1,812 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of Allied Motion Technologies by 27.1% during the fourth quarter. Citigroup Inc. now owns 3,650 shares of the technology company’s stock worth $163,000 after purchasing an additional 779 shares during the period. Institutional investors and hedge funds own 49.98% of the company’s stock.

About Allied Motion Technologies

Allied Motion Technologies, Inc designs, manufactures, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.

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