Allied Motion Technologies (AMOT) Downgraded to Strong Sell at BidaskClub

BidaskClub lowered shares of Allied Motion Technologies (NASDAQ:AMOT) from a sell rating to a strong sell rating in a research report released on Saturday.

Separately, Zacks Investment Research lowered Allied Motion Technologies from a strong-buy rating to a hold rating in a research note on Tuesday, July 24th.

Shares of Allied Motion Technologies stock traded down $0.06 during trading on Friday, reaching $40.11. The company’s stock had a trading volume of 75,317 shares, compared to its average volume of 52,298. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 2.67. The firm has a market capitalization of $380.05 million, a PE ratio of 25.23, a PEG ratio of 3.43 and a beta of 2.13. Allied Motion Technologies has a one year low of $27.74 and a one year high of $55.47.



Allied Motion Technologies (NASDAQ:AMOT) last posted its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Allied Motion Technologies had a return on equity of 16.27% and a net margin of 4.04%. The business had revenue of $79.98 million for the quarter. Research analysts forecast 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 modified their holdings of the stock. BlackRock Inc. increased 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 valued at $25,751,000 after acquiring an additional 92,426 shares during the period. Dimensional Fund Advisors LP increased its stake in Allied Motion Technologies by 3.8% during 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 period. Renaissance Technologies LLC increased its stake in Allied Motion Technologies by 27.9% during 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 period. Millennium Management LLC increased its stake in Allied Motion Technologies by 4.7% during 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 period. Finally, Northern Trust Corp increased its stake in Allied Motion Technologies by 7.9% during the second quarter. Northern Trust Corp now owns 81,068 shares of the technology company’s stock valued at $3,882,000 after acquiring an additional 5,949 shares during the period. Hedge funds and other institutional investors own 47.64% 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 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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