Allied Motion Technologies Inc. (NASDAQ:AMOT) Director Richard D. /Co/ Smith sold 10,000 shares of Allied Motion Technologies stock in a transaction dated Friday, October 14th. The shares were sold at an average price of $20.02, for a total value of $200,200.00. Following the sale, the director now owns 47,515 shares of the company’s stock, valued at approximately $951,250.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Allied Motion Technologies Inc. (NASDAQ:AMOT) traded down 1.45% during mid-day trading on Monday, hitting $19.71. The stock had a trading volume of 1,280 shares. Allied Motion Technologies Inc. has a 12 month low of $15.46 and a 12 month high of $27.70. The company has a market cap of $185.20 million, a PE ratio of 18.25 and a beta of 1.74. The stock’s 50-day moving average is $20.16 and its 200 day moving average is $21.15.
Allied Motion Technologies (NASDAQ:AMOT) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. Allied Motion Technologies had a return on equity of 14.90% and a net margin of 4.15%. The business had revenue of $65.80 million for the quarter, compared to the consensus estimate of $60.50 million. On average, equities research analysts forecast that Allied Motion Technologies Inc. will post $1.14 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in AMOT. Nationwide Fund Advisors increased its position in shares of Allied Motion Technologies by 9.3% in the second quarter. Nationwide Fund Advisors now owns 4,372 shares of the company’s stock worth $102,000 after buying an additional 371 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Allied Motion Technologies during the second quarter worth about $179,000. Strs Ohio increased its position in shares of Allied Motion Technologies by 8.1% in the second quarter. Strs Ohio now owns 8,000 shares of the company’s stock worth $186,000 after buying an additional 600 shares in the last quarter. Pitcairn Co. bought a new position in shares of Allied Motion Technologies during the second quarter worth about $222,000. Finally, White Pine Capital LLC bought a new position in shares of Allied Motion Technologies during the second quarter worth about $338,000. Institutional investors and hedge funds own 37.37% of the company’s stock.
A number of brokerages have recently issued reports on AMOT. Dougherty & Co began coverage on Allied Motion Technologies in a research report on Friday, July 1st. They set a “neutral” rating for the company. TheStreet upgraded Allied Motion Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. Finally, Zacks Investment Research upgraded Allied Motion Technologies from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, June 21st.
Allied Motion Technologies Company Profile
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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