Allied Motion Technologies, Inc. (NASDAQ:AMOT)’s share price hit a new 52-week high during mid-day trading on Friday following a dividend announcement from the company. The company traded as high as $33.42 and last traded at $0.00, with a volume of shares changing hands. The newly announced dividend which will be paid on Wednesday, November 29th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Wednesday, November 15th. Allied Motion Technologies’s payout ratio is presently 9.71%.

Several equities research analysts have recently commented on AMOT shares. Zacks Investment Research raised shares of Allied Motion Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, October 9th. TheStreet downgraded shares of Allied Motion Technologies from a “b” rating to a “c+” rating in a research report on Tuesday, August 8th. Finally, BidaskClub raised shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th.

The company has a quick ratio of 1.88, a current ratio of 2.80 and a debt-to-equity ratio of 0.71. The company has a market cap of $313.93, a PE ratio of 35.33, a P/E/G ratio of 2.08 and a beta of 1.91.

Allied Motion Technologies (NASDAQ:AMOT) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.07). The business had revenue of $60.34 million for the quarter, compared to the consensus estimate of $62.17 million. Allied Motion Technologies had a return on equity of 10.92% and a net margin of 3.57%. equities analysts predict that Allied Motion Technologies, Inc. will post 1 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Nationwide Fund Advisors increased its position in shares of Allied Motion Technologies by 11.8% during the second quarter. Nationwide Fund Advisors now owns 4,778 shares of the technology company’s stock worth $130,000 after acquiring an additional 505 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Allied Motion Technologies by 7.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,144 shares of the technology company’s stock worth $167,000 after acquiring an additional 401 shares in the last quarter. Strs Ohio increased its position in shares of Allied Motion Technologies by 5.9% during the second quarter. Strs Ohio now owns 7,200 shares of the technology company’s stock worth $195,000 after acquiring an additional 400 shares in the last quarter. Citigroup Inc. increased its position in shares of Allied Motion Technologies by 130.8% during the second quarter. Citigroup Inc. now owns 7,449 shares of the technology company’s stock worth $203,000 after acquiring an additional 4,222 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Allied Motion Technologies during the second quarter worth about $207,000. 41.42% of the stock is owned by institutional investors.

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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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