Allied Motion Technologies, Inc. (NASDAQ:AMOT) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Brokerages have set a one year consensus price objective of $37.00 for the company and are forecasting that the company will post $0.38 earnings per share for the current quarter, according to Zacks. Zacks has also given Allied Motion Technologies an industry rank of 30 out of 255 based on the ratings given to related companies.

AMOT has been the subject of several research analyst reports. TheStreet raised Allied Motion Technologies from a “c+” rating to a “b+” rating in a report on Wednesday, May 30th. BidaskClub downgraded Allied Motion Technologies from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 19th. Zacks Investment Research raised Allied Motion Technologies from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Thursday, May 24th. Finally, ValuEngine raised Allied Motion Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd.

Hedge funds have recently bought and sold shares of the company. Quantum Capital Management raised its stake in shares of Allied Motion Technologies by 31.5% during the first quarter. Quantum Capital Management now owns 43,730 shares of the technology company’s stock worth $1,738,000 after purchasing an additional 10,480 shares during the last quarter. Two Sigma Investments LP purchased a new stake in shares of Allied Motion Technologies during the fourth quarter worth approximately $409,000. Ranger Investment Management L.P. raised its stake in shares of Allied Motion Technologies by 18.9% during the fourth quarter. Ranger Investment Management L.P. now owns 92,850 shares of the technology company’s stock worth $3,072,000 after purchasing an additional 14,745 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Allied Motion Technologies by 50.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 11,974 shares of the technology company’s stock worth $397,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Allied Motion Technologies by 1,044.1% during the fourth quarter. Millennium Management LLC now owns 103,208 shares of the technology company’s stock worth $3,415,000 after purchasing an additional 94,187 shares during the last quarter. 49.34% of the stock is owned by institutional investors and hedge funds.

AMOT stock opened at $47.88 on Friday. The company has a market capitalization of $453.98 million, a PE ratio of 39.25, a PEG ratio of 4.00 and a beta of 1.89. Allied Motion Technologies has a twelve month low of $22.78 and a twelve month high of $50.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.55.

Allied Motion Technologies (NASDAQ:AMOT) last posted its quarterly earnings data on Wednesday, May 2nd. The technology company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.15. The business had revenue of $76.58 million during the quarter. Allied Motion Technologies had a return on equity of 14.64% and a net margin of 3.58%. sell-side analysts predict that Allied Motion Technologies will post 1.71 EPS for the current year.

Allied Motion Technologies Company Profile

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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