BidaskClub upgraded shares of Allied Motion Technologies (NASDAQ:AMOT) from a strong sell rating to a sell rating in a research note published on Tuesday, September 18th.

Several other equities research analysts also recently issued reports on AMOT. Zacks Investment Research downgraded Allied Motion Technologies from a strong-buy rating to a hold rating in a research report on Tuesday, July 24th. TheStreet raised Allied Motion Technologies from a c+ rating to a b+ rating in a research report on Wednesday, May 30th.

Allied Motion Technologies stock traded up $0.06 during mid-day trading on Tuesday, hitting $44.80. 30,373 shares of the company’s stock were exchanged, compared to its average volume of 50,364. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.67 and a quick ratio of 1.59. The company has a market capitalization of $515.73 million, a price-to-earnings ratio of 36.72, a PEG ratio of 4.66 and a beta of 2.13. Allied Motion Technologies has a 1-year low of $26.25 and a 1-year high of $55.47.

Allied Motion Technologies (NASDAQ:AMOT) last issued its quarterly earnings results on Thursday, August 2nd. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The company had revenue of $79.98 million for the quarter. Allied Motion Technologies had a return on equity of 16.27% and a net margin of 4.04%. As a group, sell-side analysts anticipate that Allied Motion Technologies will post 1.67 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in Allied Motion Technologies by 20.8% during the second quarter. BlackRock Inc. now owns 537,827 shares of the technology company’s stock worth $25,751,000 after purchasing an additional 92,426 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Allied Motion Technologies by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 446,555 shares of the technology company’s stock valued at $21,381,000 after acquiring an additional 16,251 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Allied Motion Technologies by 27.9% in the second quarter. Renaissance Technologies LLC now owns 316,000 shares of the technology company’s stock valued at $15,130,000 after acquiring an additional 68,899 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Allied Motion Technologies by 8.8% in the first quarter. Russell Investments Group Ltd. now owns 173,085 shares of the technology company’s stock valued at $6,881,000 after acquiring an additional 13,933 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Allied Motion Technologies by 4.7% in the first quarter. Millennium Management LLC now owns 108,008 shares of the technology company’s stock valued at $4,293,000 after acquiring an additional 4,800 shares during the last quarter. Hedge funds and other institutional investors own 47.64% 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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