Allied Motion Technologies (AMOT) Lowered to “Strong Sell” at BidaskClub

BidaskClub cut shares of Allied Motion Technologies (NASDAQ:AMOT) from a sell rating to a strong sell rating in a research report report published on Saturday morning.

Separately, Zacks Investment Research cut Allied Motion Technologies from a hold rating to a sell rating in a research report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Allied Motion Technologies has a consensus rating of Hold and a consensus price target of $53.00.

NASDAQ:AMOT opened at $42.35 on Friday. Allied Motion Technologies has a 52 week low of $27.74 and a 52 week high of $55.47. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 2.67. The stock has a market cap of $380.05 million, a PE ratio of 34.71, a price-to-earnings-growth ratio of 3.43 and a beta of 2.13.

Allied Motion Technologies (NASDAQ:AMOT) last posted its earnings results on Thursday, August 2nd. The technology company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.07. Allied Motion Technologies had a return on equity of 16.27% and a net margin of 4.04%. The firm had revenue of $79.98 million for the quarter. As a group, analysts expect that Allied Motion Technologies will post 1.67 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Allied Motion Technologies by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 430,304 shares of the technology company’s stock valued at $17,105,000 after buying an additional 5,457 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in Allied Motion Technologies during the 1st quarter valued at $130,000. A.R.T. Advisors LLC acquired a new stake in Allied Motion Technologies during the 1st quarter valued at $430,000. Millennium Management LLC lifted its holdings in Allied Motion Technologies by 4.7% during the 1st quarter. Millennium Management LLC now owns 108,008 shares of the technology company’s stock valued at $4,293,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Allied Motion Technologies by 355.8% during the 2nd quarter. Acadian Asset Management LLC now owns 34,981 shares of the technology company’s stock valued at $1,674,000 after purchasing an additional 27,306 shares during the last quarter. 47.70% 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 that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.

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