Allied Motion Technologies (AMOT) Upgraded by BidaskClub to “Sell”

BidaskClub upgraded shares of Allied Motion Technologies (NASDAQ:AMOT) from a strong sell rating to a sell rating in a research report sent to investors on Saturday morning.

A number of other research firms also recently issued reports on AMOT. Zacks Investment Research downgraded shares of Allied Motion Technologies from a strong-buy rating to a hold rating in a research note on Tuesday, July 24th. Dougherty & Co upgraded shares of Allied Motion Technologies from a neutral rating to a buy rating in a research note on Monday, October 29th. Finally, Craig Hallum set a $62.00 price objective on shares of Allied Motion Technologies and gave the company a buy rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Allied Motion Technologies currently has a consensus rating of Hold and an average target price of $57.50.

Shares of NASDAQ:AMOT traded up $0.89 during trading on Friday, reaching $46.65. 140,416 shares of the company were exchanged, compared to its average volume of 60,396. The firm has a market cap of $442.07 million, a PE ratio of 26.21, a price-to-earnings-growth ratio of 4.04 and a beta of 2.19. Allied Motion Technologies has a 12-month low of $28.08 and a 12-month high of $55.47. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.59 and a current ratio of 2.44.

Allied Motion Technologies (NASDAQ:AMOT) last released its quarterly earnings data on Wednesday, October 31st. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.16. Allied Motion Technologies had a net margin of 4.43% and a return on equity of 17.59%. The firm had revenue of $80.09 million for the quarter. Equities research analysts predict that Allied Motion Technologies will post 1.65 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 28th. Shareholders of record on Thursday, November 15th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.12 annualized dividend and a yield of 0.26%. Allied Motion Technologies’s dividend payout ratio (DPR) is 9.84%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new stake in Allied Motion Technologies in the second quarter valued at approximately $206,000. Peapack Gladstone Financial Corp acquired a new stake in Allied Motion Technologies in the second quarter valued at approximately $215,000. Comerica Bank acquired a new stake in shares of Allied Motion Technologies during the third quarter worth $221,000. Ramsey Quantitative Systems lifted its stake in shares of Allied Motion Technologies by 101.5% during the second quarter. Ramsey Quantitative Systems now owns 4,957 shares of the technology company’s stock worth $237,000 after buying an additional 2,497 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in shares of Allied Motion Technologies during the second quarter worth $262,000. Institutional investors own 47.70% of the company’s stock.

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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