According to Zacks, “Hathaway Corporation is engaged in the business of designing, manufacturing and selling advanced systems and instrumentation to the worldwide power and process industries, as well as motion control products to a broad spectrum of customers throughout the world. The company’s power instrumentation products helps ensure that electric utilities provide high quality service to consumers of electricity. The company’s equipment assists the electric power system operators in operating and maintaining proper system performance. “
AMOT has been the subject of several other reports. TheStreet raised shares of Allied Motion Technologies from a hold rating to a buy rating in a report on Wednesday, July 27th. Dougherty & Co began coverage on shares of Allied Motion Technologies in a report on Friday, July 1st. They issued a neutral rating for the company.
Allied Motion Technologies (NASDAQ:AMOT) opened at 19.06 on Tuesday. The company has a 50 day moving average of $20.44 and a 200 day moving average of $21.10. The stock has a market capitalization of $179.09 million, a P/E ratio of 17.65 and a beta of 1.74. Allied Motion Technologies has a 52 week low of $15.46 and a 52 week high of $27.70.
Allied Motion Technologies (NASDAQ:AMOT) last released its earnings results on Thursday, August 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company earned $65.80 million during the quarter, compared to analyst estimates of $60.50 million. Allied Motion Technologies had a net margin of 4.15% and a return on equity of 14.90%. Equities analysts expect that Allied Motion Technologies will post $1.14 EPS for the current fiscal year.
In other news, Director Richard D. /Co/ Smith sold 5,119 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $22.14, for a total transaction of $113,334.66. Following the completion of the transaction, the director now directly owns 37,404 shares in the company, valued at approximately $828,124.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard D. /Co/ Smith sold 4,881 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $21.78, for a total value of $106,308.18. Following the transaction, the director now owns 37,404 shares of the company’s stock, valued at $814,659.12. The disclosure for this sale can be found here. 30.90% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Emerald Acquisition Ltd. purchased a new position in Allied Motion Technologies during the second quarter worth approximately $3,840,000. Oppenheimer & Co. Inc. increased its position in Allied Motion Technologies by 9.8% in the second quarter. Oppenheimer & Co. Inc. now owns 21,289 shares of the company’s stock worth $495,000 after buying an additional 1,894 shares in the last quarter. Argent Capital Management LLC purchased a new position in Allied Motion Technologies during the second quarter worth approximately $864,000. GSA Capital Partners LLP increased its position in Allied Motion Technologies by 8.8% in the second quarter. GSA Capital Partners LLP now owns 28,433 shares of the company’s stock worth $661,000 after buying an additional 2,300 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in Allied Motion Technologies during the second quarter worth approximately $179,000. Hedge funds and other institutional investors own 37.37% 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 used in a range of industries. The Company serves various markets, including vehicle, medical, aerospace and defense, electronics and industrial. It focuses on motion control applications.
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