Separately, Zacks Investment Research raised shares of Allied Motion Technologies from a strong sell rating to a hold rating in a research note on Monday, October 9th.
Allied Motion Technologies (NASDAQ AMOT) traded down $0.34 during trading on Thursday, reaching $32.00. 19,631 shares of the company were exchanged, compared to its average volume of 28,404. Allied Motion Technologies has a 1 year low of $19.09 and a 1 year high of $34.83. The firm has a market cap of $302.49, a PE ratio of 34.03, a P/E/G ratio of 2.00 and a beta of 1.91. The company has a quick ratio of 1.76, a current ratio of 2.80 and a debt-to-equity ratio of 0.71.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio grew 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 during the period. The Manufacturers Life Insurance Company grew 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 during the period. Nationwide Fund Advisors grew 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 during the period. Geode Capital Management LLC grew its stake in Allied Motion Technologies by 3.2% in the 1st quarter. Geode Capital Management LLC now owns 66,744 shares of the technology company’s stock valued at $1,341,000 after acquiring an additional 2,055 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Allied Motion Technologies by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 129,434 shares of the technology company’s stock valued at $3,524,000 after acquiring an additional 2,097 shares during the period. 41.64% of the stock is currently owned by hedge funds and other institutional investors.
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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