BidaskClub upgraded shares of Allied Motion Technologies (NASDAQ:AMOT) from a sell rating to a hold rating in a report issued on Monday morning.

AMOT has been the topic of several other reports. TheStreet raised shares of Allied Motion Technologies from a c+ rating to a b rating in a research note on Thursday, November 16th. 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) opened at $29.86 on Monday. The company has a market cap of $294.18, a P/E ratio of 33.11, a price-to-earnings-growth ratio of 1.38 and a beta of 1.95. Allied Motion Technologies has a one year low of $19.09 and a one year high of $36.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.76 and a current ratio of 2.80.

Several hedge funds and other institutional investors have recently modified their holdings of AMOT. Nationwide Fund Advisors increased its stake in shares of Allied Motion Technologies by 11.8% in the second quarter. Nationwide Fund Advisors now owns 4,778 shares of the technology company’s stock worth $130,000 after buying an additional 505 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Allied Motion Technologies by 7.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,144 shares of the technology company’s stock worth $167,000 after buying an additional 401 shares during the period. Wells Fargo & Company MN increased its stake in shares of Allied Motion Technologies by 74.6% in the third quarter. Wells Fargo & Company MN now owns 7,520 shares of the technology company’s stock worth $191,000 after buying an additional 3,213 shares during the period. Citigroup Inc. increased its stake in shares of Allied Motion Technologies by 130.8% in the second quarter. Citigroup Inc. now owns 7,449 shares of the technology company’s stock worth $203,000 after buying an additional 4,222 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Allied Motion Technologies in the second quarter worth $207,000. 41.39% of the stock is currently owned by institutional investors.

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Allied Motion Technologies Company Profile

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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