Allied Motion Technologies, Inc. Forecasted to Post Q3 2017 Earnings of $0.31 Per Share (AMOT)

Allied Motion Technologies, Inc. (NASDAQ:AMOT) – Analysts at Dougherty & Co issued their Q3 2017 earnings estimates for shares of Allied Motion Technologies in a research note issued to investors on Thursday. Dougherty & Co analyst R. Ryan forecasts that the technology company will post earnings of $0.31 per share for the quarter. Dougherty & Co also issued estimates for Allied Motion Technologies’ FY2017 earnings at $1.09 EPS.

Allied Motion Technologies (NASDAQ:AMOT) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by $0.07. Allied Motion Technologies had a net margin of 3.41% and a return on equity of 10.65%. The firm had revenue of $60.34 million during the quarter, compared to analysts’ expectations of $62.17 million.

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Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Allied Motion Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, August 18th. TheStreet cut shares of Allied Motion Technologies from a “b” rating to a “c+” rating in a report on Tuesday, August 8th. Finally, BidaskClub upgraded shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a report on Thursday, July 13th.

Allied Motion Technologies (NASDAQ AMOT) opened at 24.96 on Monday. Allied Motion Technologies has a 52-week low of $15.54 and a 52-week high of $30.31. The stock has a market capitalization of $235.92 million, a price-to-earnings ratio of 26.90 and a beta of 1.88. The company has a 50-day moving average of $27.12 and a 200-day moving average of $24.64.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMOT. Walthausen & Co. LLC increased its position in Allied Motion Technologies by 11.9% in the second quarter. Walthausen & Co. LLC now owns 240,287 shares of the technology company’s stock valued at $6,541,000 after buying an additional 25,476 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Allied Motion Technologies by 7.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,144 shares of the technology company’s stock valued at $167,000 after buying an additional 401 shares during the last quarter. Salem Investment Counselors Inc. acquired a new position in Allied Motion Technologies during the second quarter valued at $1,145,000. Tudor Investment Corp ET AL acquired a new position in Allied Motion Technologies during the second quarter valued at $207,000. Finally, PDT Partners LLC acquired a new position in Allied Motion Technologies during the second quarter valued at $343,000. Institutional investors and hedge funds own 39.42% of the company’s stock.

In other Allied Motion Technologies news, Director Richard D. /Co/ Smith sold 7,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $25.90, for a total value of $181,300.00. Following the transaction, the director now directly owns 47,429 shares in the company, valued at $1,228,411.10. The transaction was disclosed in a legal 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 stock was sold at an average price of $27.85, for a total transaction of $83,995.60. Following the completion of the transaction, the director now owns 47,429 shares in the company, valued at $1,320,897.65. The disclosure for this sale can be found here. Insiders sold 15,016 shares of company stock worth $393,746 over the last quarter. Insiders own 30.80% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Thursday, August 17th will be given a $0.025 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.10 annualized dividend and a yield of 0.40%. Allied Motion Technologies’s payout ratio is presently 11.36%.

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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