Allied Motion Technologies Inc. (AMOT) Stock Price Up 6.1%
Allied Motion Technologies Inc. (NASDAQ:AMOT) shares traded up 6.1% on Tuesday . The stock traded as high as $23.26 and last traded at $22.18, with a volume of 108,026 shares. The stock had previously closed at $20.91.
Several analysts have weighed in on the company. Dougherty & Co assumed coverage on Allied Motion Technologies in a report on Friday, July 1st. They issued a “neutral” rating on the stock. Craig Hallum raised their price target on Allied Motion Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a report on Friday, May 6th. Zacks Investment Research cut Allied Motion Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. Finally, TheStreet upgraded Allied Motion Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th.
The firm has a 50 day moving average price of $21.97 and a 200 day moving average price of $20.86. The firm has a market cap of $211.69 million and a PE ratio of 20.86.
Allied Motion Technologies (NASDAQ:AMOT) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The business earned $65.80 million during the quarter, compared to the consensus estimate of $60.50 million. Equities research analysts anticipate that Allied Motion Technologies Inc. will post $1.14 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Thursday, August 18th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Tuesday, August 16th.
In other news, Director Richard D. /Co/ Smith sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $21.91, for a total value of $219,100.00. Following the completion of the transaction, the director now owns 37,404 shares of the company’s stock, valued at $819,521.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
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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