Allied Motion Technologies (NASDAQ:AMOT) Announces Quarterly Earnings Results

Allied Motion Technologies (NASDAQ:AMOT) released its quarterly earnings data on Thursday. The technology company reported $0.47 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47, Morningstar.com reports. Allied Motion Technologies had a return on equity of 16.01% and a net margin of 4.94%. The business had revenue of $92.63 million for the quarter.

Shares of NASDAQ:AMOT traded up $0.62 during midday trading on Friday, reaching $40.57. 45,498 shares of the company’s stock traded hands, compared to its average volume of 38,560. Allied Motion Technologies has a 1 year low of $31.72 and a 1 year high of $55.47. The stock has a market cap of $380.83 million, a P/E ratio of 23.86, a P/E/G ratio of 1.93 and a beta of 1.60. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.50 and a current ratio of 2.67. The company has a fifty day simple moving average of $37.65.

In other Allied Motion Technologies news, Director Michael R. Winter bought 1,400 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average price of $35.35 per share, for a total transaction of $49,490.00. Following the transaction, the director now directly owns 16,118 shares of the company’s stock, valued at approximately $569,771.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 23.10% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Teton Advisors Inc. acquired a new stake in shares of Allied Motion Technologies during the 2nd quarter worth about $3,716,000. Gabelli Funds LLC acquired a new stake in shares of Allied Motion Technologies during the 2nd quarter worth about $1,004,000. Gamco Investors INC. ET AL acquired a new stake in shares of Allied Motion Technologies during the 2nd quarter worth about $280,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Allied Motion Technologies during the 2nd quarter worth about $2,354,000. Finally, Investment Management of Virginia LLC raised its position in shares of Allied Motion Technologies by 221.1% during the 2nd quarter. Investment Management of Virginia LLC now owns 158,246 shares of the technology company’s stock worth $5,997,000 after acquiring an additional 108,956 shares in the last quarter. Hedge funds and other institutional investors own 51.23% of the company’s stock.

AMOT has been the topic of several recent research reports. ValuEngine upgraded Allied Motion Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded Allied Motion Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, BidaskClub upgraded Allied Motion Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $57.00.

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.

Featured Story: Investing in Growth Stocks

Earnings History for Allied Motion Technologies (NASDAQ:AMOT)

Receive News & Ratings for Allied Motion Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allied Motion Technologies and related companies with MarketBeat.com's FREE daily email newsletter.