Brokerages Set $30.00 Target Price for Allied Motion Technologies, Inc. (NASDAQ:AMOT)

Allied Motion Technologies, Inc. (NASDAQ:AMOT) has received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

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Analysts have set a 1-year consensus price target of $30.00 for the company and are predicting that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also assigned Allied Motion Technologies an industry rank of 53 out of 265 based on the ratings given to related companies.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded Allied Motion Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. BidaskClub upgraded Allied Motion Technologies from a “hold” rating to a “buy” rating in a report on Thursday, July 13th.

In other Allied Motion Technologies news, Director Richard D. /Co/ Smith sold 5,000 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $25.69, for a total value of $128,450.00. Following the completion of the sale, the director now directly owns 47,429 shares of the company’s stock, valued at $1,218,451.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard D. /Co/ Smith sold 3,016 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $27.85, for a total value of $83,995.60. Following the completion of the sale, the director now directly owns 47,429 shares of the company’s stock, valued at $1,320,897.65. The disclosure for this sale can be found here. Insiders have sold 20,916 shares of company stock worth $540,273 over the last quarter. 30.80% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC increased its stake in Allied Motion Technologies by 8.0% in the first quarter. Algert Global LLC now owns 60,312 shares of the technology company’s stock worth $1,212,000 after buying an additional 4,490 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Allied Motion Technologies by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 363,574 shares of the technology company’s stock worth $7,777,000 after buying an additional 11,676 shares in the last quarter. ACK Asset Management LLC purchased a new stake in Allied Motion Technologies during the first quarter worth about $5,225,000. Renaissance Technologies LLC increased its stake in Allied Motion Technologies by 15.3% in the fourth quarter. Renaissance Technologies LLC now owns 68,600 shares of the technology company’s stock worth $1,467,000 after buying an additional 9,100 shares in the last quarter. Finally, Strs Ohio increased its stake in Allied Motion Technologies by 5.9% in the second quarter. Strs Ohio now owns 7,200 shares of the technology company’s stock worth $195,000 after buying an additional 400 shares in the last quarter. 39.04% of the stock is owned by institutional investors and hedge funds.

Allied Motion Technologies (AMOT) traded down 0.40% during trading on Monday, hitting $29.58. The stock had a trading volume of 13,536 shares. The firm has a market capitalization of $280.15 million, a P/E ratio of 28.41 and a beta of 1.87. Allied Motion Technologies has a one year low of $15.54 and a one year high of $30.31. The stock has a 50 day moving average of $27.77 and a 200 day moving average of $24.17.

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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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