Zacks: Allied Motion Technologies, Inc. (AMOT) Given $37.00 Average Price Target by Brokerages

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

Analysts have set a 1 year consensus target price of $37.00 for the company and are predicting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Allied Motion Technologies an industry rank of 113 out of 265 based on the ratings given to its competitors.

Several equities analysts have recently weighed in on AMOT shares. Zacks Investment Research upgraded Allied Motion Technologies from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective on the stock in a report on Thursday, November 16th. TheStreet upgraded Allied Motion Technologies from a “c+” rating to a “b” rating in a report on Thursday, November 16th. Finally, BidaskClub cut Allied Motion Technologies from a “buy” rating to a “hold” rating in a report on Tuesday.

Allied Motion Technologies (NASDAQ AMOT) traded up $0.41 during trading hours on Wednesday, hitting $31.96. The stock had a trading volume of 41,700 shares, compared to its average volume of 31,332. Allied Motion Technologies has a fifty-two week low of $19.09 and a fifty-two week high of $34.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.80 and a quick ratio of 1.76. The company has a market cap of $298.24, a PE ratio of 33.56, a PEG ratio of 1.80 and a beta of 1.94.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Thursday, November 16th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.31%. The ex-dividend date was Wednesday, November 15th. Allied Motion Technologies’s dividend payout ratio (DPR) is presently 10.64%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMOT. Nationwide Fund Advisors lifted its stake in Allied Motion Technologies by 11.8% in the 2nd quarter. Nationwide Fund Advisors now owns 4,778 shares of the technology company’s stock valued at $130,000 after acquiring an additional 505 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Allied Motion Technologies by 7.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,144 shares of the technology company’s stock valued at $167,000 after acquiring an additional 401 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Allied Motion Technologies by 74.6% in the 3rd quarter. Wells Fargo & Company MN now owns 7,520 shares of the technology company’s stock valued at $191,000 after acquiring an additional 3,213 shares in the last quarter. Strs Ohio lifted its stake in Allied Motion Technologies by 5.9% in the 2nd quarter. Strs Ohio now owns 7,200 shares of the technology company’s stock valued at $195,000 after acquiring an additional 400 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in Allied Motion Technologies by 130.8% in the 2nd quarter. Citigroup Inc. now owns 7,449 shares of the technology company’s stock valued at $203,000 after acquiring an additional 4,222 shares in the last quarter. Hedge funds and other institutional investors own 41.38% of the company’s stock.

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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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