Shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Brokerages have set a 12-month consensus price target of $37.00 for the company and are predicting that the company will post $0.36 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Allied Motion Technologies an industry rank of 78 out of 255 based on the ratings given to related companies.

A number of research analysts recently issued reports on AMOT shares. BidaskClub upgraded shares of Allied Motion Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday, August 25th. Zacks Investment Research lowered shares of Allied Motion Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 24th.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Allied Motion Technologies by 20.8% during the 2nd 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 last quarter. Dimensional Fund Advisors LP raised its holdings in Allied Motion Technologies by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 446,555 shares of the technology company’s stock worth $21,381,000 after purchasing an additional 16,251 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Allied Motion Technologies by 27.9% during the 2nd quarter. Renaissance Technologies LLC now owns 316,000 shares of the technology company’s stock worth $15,130,000 after purchasing an additional 68,899 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Allied Motion Technologies by 8.8% during the 1st quarter. Russell Investments Group Ltd. now owns 173,085 shares of the technology company’s stock worth $6,881,000 after purchasing an additional 13,933 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Allied Motion Technologies by 4.7% during the 1st quarter. Millennium Management LLC now owns 108,008 shares of the technology company’s stock worth $4,293,000 after purchasing an additional 4,800 shares during the last quarter. Institutional investors and hedge funds own 47.64% of the company’s stock.

Shares of AMOT stock traded down $1.07 on Friday, reaching $47.37. The company had a trading volume of 41,233 shares, compared to its average volume of 50,660. The stock has a market capitalization of $515.73 million, a P/E ratio of 38.83, a price-to-earnings-growth ratio of 4.66 and a beta of 2.13. The company has a current ratio of 2.67, a quick ratio of 1.59 and a debt-to-equity ratio of 0.68. Allied Motion Technologies has a one year low of $26.25 and a one year high of $55.47.

Allied Motion Technologies (NASDAQ:AMOT) last posted its earnings results on Thursday, August 2nd. The technology company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The firm had revenue of $79.98 million during the quarter. Allied Motion Technologies had a net margin of 4.04% and a return on equity of 16.27%. As a group, equities analysts predict that Allied Motion Technologies will post 1.67 EPS for the current fiscal year.

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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