Allied Motion Technologies, Inc. (NASDAQ:AMOT) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a 12-month consensus target price of $30.00 for the company and are predicting that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Allied Motion Technologies an industry rank of 187 out of 265 based on the ratings given to related companies.
Several research analysts have weighed in on AMOT shares. BidaskClub upgraded Allied Motion Technologies from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research downgraded Allied Motion Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 16th.
Shares of Allied Motion Technologies (NASDAQ:AMOT) traded up 1.03% during midday trading on Thursday, reaching $28.37. 20,877 shares of the company’s stock traded hands. The firm has a market capitalization of $268.69 million, a PE ratio of 27.25 and a beta of 1.87. The stock’s 50-day moving average price is $26.39 and its 200 day moving average price is $23.32. Allied Motion Technologies has a one year low of $15.54 and a one year high of $28.46.
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In other news, Director Richard D. /Co/ Smith sold 5,000 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $25.69, for a total transaction of $128,450.00. Following the completion of the transaction, the director now directly owns 47,429 shares in the company, valued at approximately $1,218,451.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard D. /Co/ Smith sold 3,016 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $27.85, for a total value of $83,995.60. Following the transaction, the director now owns 47,429 shares of the company’s stock, valued at $1,320,897.65. The disclosure for this sale can be found here. Insiders sold a total of 20,916 shares of company stock valued at $540,273 over the last 90 days. 30.80% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp increased its position in Allied Motion Technologies by 1.6% in the fourth quarter. State Street Corp now owns 97,219 shares of the technology company’s stock worth $2,081,000 after buying an additional 1,561 shares in the last quarter. Geode Capital Management LLC raised its stake in Allied Motion Technologies by 3.2% in the first quarter. Geode Capital Management LLC now owns 66,744 shares of the technology company’s stock valued at $1,341,000 after buying an additional 2,055 shares during the last quarter. Algert Global LLC raised its stake in Allied Motion Technologies by 8.0% in the first quarter. Algert Global LLC now owns 60,312 shares of the technology company’s stock valued at $1,212,000 after buying an additional 4,490 shares during the last quarter. Renaissance Technologies LLC raised its stake in Allied Motion Technologies by 15.3% in the fourth quarter. Renaissance Technologies LLC now owns 68,600 shares of the technology company’s stock valued at $1,467,000 after buying an additional 9,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Allied Motion Technologies by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 363,574 shares of the technology company’s stock valued at $7,777,000 after buying an additional 11,676 shares during the last quarter. Hedge funds and other institutional investors own 38.94% of the company’s stock.
Allied Motion Technologies Company Profile
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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