Allied Motion Technologies (NASDAQ:AMOT) Issues Earnings Results

Allied Motion Technologies (NASDAQ:AMOT – Get Rating) issued its quarterly earnings data on Wednesday. The technology company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.11, Fidelity Earnings reports. Allied Motion Technologies had a net margin of 3.34% and a return on equity of 10.13%. During the same period in the previous year, the business earned $0.33 earnings per share.

Allied Motion Technologies Stock Performance

Shares of Allied Motion Technologies stock traded up $0.46 on Friday, reaching $32.96. The stock had a trading volume of 37,185 shares, compared to its average volume of 36,716. The business’s 50-day moving average price is $24.61 and its two-hundred day moving average price is $28.17. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.23 and a current ratio of 2.46. Allied Motion Technologies has a fifty-two week low of $21.14 and a fifty-two week high of $44.70. The stock has a market cap of $510.91 million, a P/E ratio of 33.98 and a beta of 1.61.

Allied Motion Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Wednesday, August 17th. Allied Motion Technologies’s payout ratio is 10.31%.

Institutional Trading of Allied Motion Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. MetLife Investment Management LLC boosted its holdings in Allied Motion Technologies by 67.9% in the 1st quarter. MetLife Investment Management LLC now owns 6,936 shares of the technology company’s stock valued at $207,000 after purchasing an additional 2,806 shares during the period. Westwood Holdings Group Inc. acquired a new position in shares of Allied Motion Technologies during the first quarter valued at about $219,000. Atria Wealth Solutions Inc. acquired a new position in shares of Allied Motion Technologies during the first quarter valued at about $271,000. Prudential Financial Inc. bought a new stake in shares of Allied Motion Technologies in the first quarter valued at about $305,000. Finally, Acadian Asset Management LLC lifted its stake in shares of Allied Motion Technologies by 22.2% in the first quarter. Acadian Asset Management LLC now owns 16,138 shares of the technology company’s stock valued at $480,000 after buying an additional 2,929 shares during the period. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, May 19th.

Allied Motion Technologies Company Profile

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Allied Motion Technologies Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems that are used in a range of industries worldwide. The company offers brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, gearing, modular digital servo drives, motion controllers, optical encoders, active, and passive filters.