Allied Motion Technologies (NASDAQ:AMOT) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Allied Motion Technologies (NASDAQ:AMOT) in a research note released on Monday morning. The brokerage issued a buy rating on the technology company’s stock.

Allied Motion Technologies Trading Up 2.1 %

Allied Motion Technologies stock opened at $34.08 on Monday. The firm has a 50 day moving average of $36.69 and a 200 day moving average of $37.23. The firm has a market capitalization of $551.41 million, a price-to-earnings ratio of 23.50 and a beta of 1.53. Allied Motion Technologies has a 12-month low of $25.14 and a 12-month high of $44.88. The company has a current ratio of 2.73, a quick ratio of 1.40 and a debt-to-equity ratio of 0.96.

Allied Motion Technologies (NASDAQ:AMOT) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $146.77 million during the quarter, compared to analyst estimates of $145.83 million. Allied Motion Technologies had a net margin of 4.19% and a return on equity of 15.85%. As a group, research analysts predict that Allied Motion Technologies will post 2.13 earnings per share for the current year.

Allied Motion Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.35%. Allied Motion Technologies’s dividend payout ratio is currently 8.28%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its holdings in shares of Allied Motion Technologies by 194.9% in the first quarter. Tower Research Capital LLC TRC now owns 917 shares of the technology company’s stock valued at $35,000 after purchasing an additional 606 shares in the last quarter. SkyView Investment Advisors LLC purchased a new position in Allied Motion Technologies during the first quarter worth $48,000. BNP Paribas Arbitrage SA boosted its stake in Allied Motion Technologies by 167.3% during the second quarter. BNP Paribas Arbitrage SA now owns 2,791 shares of the technology company’s stock worth $64,000 after buying an additional 1,747 shares during the period. Lazard Asset Management LLC boosted its stake in Allied Motion Technologies by 13.0% during the fourth quarter. Lazard Asset Management LLC now owns 3,207 shares of the technology company’s stock worth $111,000 after buying an additional 369 shares during the period. Finally, BNP Paribas Arbitrage SNC boosted its stake in Allied Motion Technologies by 74.3% during the third quarter. BNP Paribas Arbitrage SNC now owns 4,864 shares of the technology company’s stock worth $139,000 after buying an additional 2,073 shares during the period. 61.22% of the stock is owned by hedge funds and other institutional investors.

Allied Motion Technologies Company Profile

Allied Motion Technologies Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems for various 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, input/output modules, industrial communications gateways, light-weighting technologies, and other controlled motion-related products.