Dougherty & Co Upgrades Allied Motion Technologies (AMOT) to Buy

Dougherty & Co upgraded shares of Allied Motion Technologies (NASDAQ:AMOT) from a neutral rating to a buy rating in a research note published on Monday, The Fly reports.

Several other analysts also recently issued reports on the stock. BidaskClub downgraded shares of Allied Motion Technologies from a sell rating to a strong sell rating in a research report on Thursday, September 6th. Zacks Investment Research downgraded shares of Allied Motion Technologies from a hold rating to a sell rating in a research report on Friday, August 10th. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $53.00.

NASDAQ:AMOT traded up $0.82 during trading hours on Monday, hitting $42.12. The stock had a trading volume of 1,344 shares, compared to its average volume of 51,915. The company has a quick ratio of 1.59, a current ratio of 2.67 and a debt-to-equity ratio of 0.68. Allied Motion Technologies has a 1-year low of $27.74 and a 1-year high of $55.47. The company has a market capitalization of $380.05 million, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 3.43 and a beta of 2.13.



Allied Motion Technologies (NASDAQ:AMOT) last issued its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.07. Allied Motion Technologies had a net margin of 4.04% and a return on equity of 16.27%. The company had revenue of $79.98 million during the quarter. On average, equities analysts anticipate that Allied Motion Technologies will post 1.67 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its position in shares of Allied Motion Technologies by 20.7% during the second quarter. Rhumbline Advisers now owns 6,813 shares of the technology company’s stock worth $326,000 after buying an additional 1,168 shares in the last quarter. Alambic Investment Management L.P. grew its position in shares of Allied Motion Technologies by 57.0% during the second quarter. Alambic Investment Management L.P. now owns 8,810 shares of the technology company’s stock worth $422,000 after buying an additional 3,200 shares in the last quarter. Millennium Management LLC grew its position in shares of Allied Motion Technologies by 4.7% during the first quarter. Millennium Management LLC now owns 108,008 shares of the technology company’s stock worth $4,293,000 after buying an additional 4,800 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Allied Motion Technologies by 16.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 13,933 shares of the technology company’s stock worth $668,000 after buying an additional 1,959 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new stake in shares of Allied Motion Technologies during the first quarter worth approximately $430,000. 47.70% of the stock is owned by institutional investors and hedge funds.

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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