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

Allied Motion Technologies, Inc. (NASDAQ:AMOT) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Brokers have set a 1 year consensus price target 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 given Allied Motion Technologies an industry rank of 85 out of 265 based on the ratings given to its competitors.

Several research firms have recently commented on AMOT. Zacks Investment Research lowered shares of Allied Motion Technologies from a “hold” rating to a “strong sell” rating in a research report on Friday, August 18th. BidaskClub lowered shares of Allied Motion Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, TheStreet upgraded shares of Allied Motion Technologies from a “c+” rating to a “b” rating in a research report on Thursday, November 16th.

Shares of Allied Motion Technologies (AMOT) traded down $0.17 during trading on Friday, reaching $31.81. 29,800 shares of the company’s stock were exchanged, compared to its average volume of 31,288. The stock has a market capitalization of $302.31, a PE ratio of 34.02, a PEG ratio of 1.83 and a beta of 1.94. Allied Motion Technologies has a 12 month low of $19.09 and a 12 month high of $34.83. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.76 and a current ratio of 2.80.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 2,055 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Allied Motion Technologies by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 391,624 shares of the technology company’s stock valued at $7,872,000 after purchasing an additional 28,050 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Allied Motion Technologies by 23.0% in the 1st quarter. Renaissance Technologies LLC now owns 84,400 shares of the technology company’s stock valued at $1,696,000 after purchasing an additional 15,800 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Allied Motion Technologies by 17.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 165,408 shares of the technology company’s stock valued at $4,502,000 after purchasing an additional 24,623 shares during the last quarter. Finally, Strs Ohio boosted its holdings in shares of 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 purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 41.38% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://sportsperspectives.com/2017/12/12/allied-motion-technologies-inc-amot-given-37-00-consensus-target-price-by-brokerages.html.

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.

Get a free copy of the Zacks research report on Allied Motion Technologies (AMOT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Allied Motion Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allied Motion Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply