Allied Motion Technologies, Inc. (NASDAQ:AMOT) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts have also issued reports about the stock. BidaskClub raised shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Zacks Investment Research raised shares of Allied Motion Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 11th.

Allied Motion Technologies (AMOT) opened at 25.55 on Tuesday. The company’s 50-day moving average price is $27.60 and its 200 day moving average price is $24.48. The stock has a market capitalization of $241.47 million, a P/E ratio of 26.37 and a beta of 1.88. Allied Motion Technologies has a 52-week low of $15.54 and a 52-week high of $30.31.

Allied Motion Technologies (NASDAQ:AMOT) last posted its quarterly 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. Allied Motion Technologies had a net margin of 3.41% and a return on equity of 10.65%. The business had revenue of $60.34 million during the quarter, compared to analysts’ expectations of $62.17 million. On average, equities research analysts predict that Allied Motion Technologies will post $1.00 earnings per share for the current fiscal year.

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In other Allied Motion Technologies news, Director Richard D. /Co/ Smith sold 3,900 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $24.93, for a total value of $97,227.00. Following the sale, the director now directly owns 47,429 shares of the company’s stock, valued at $1,182,404.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard D. /Co/ Smith sold 5,000 shares of the company’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $25.69, for a total transaction of $128,450.00. Following the completion of the sale, the director now directly owns 47,429 shares in the company, valued at $1,218,451.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,916 shares of company stock worth $540,273. 30.80% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Strs Ohio raised its stake in Allied Motion Technologies by 5.9% in the second quarter. Strs Ohio now owns 7,200 shares of the technology company’s stock valued at $195,000 after buying an additional 400 shares during the last quarter. State Street Corp raised its stake in Allied Motion Technologies by 1.6% in the fourth quarter. State Street Corp now owns 97,219 shares of the technology company’s stock valued at $2,081,000 after buying an additional 1,561 shares during the last quarter. Geode Capital Management LLC raised its stake in Allied Motion Technologies by 3.2% in the first quarter. Geode Capital Management LLC now owns 66,744 shares of the technology company’s stock valued at $1,341,000 after buying an additional 2,055 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Allied Motion Technologies by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 129,434 shares of the technology company’s stock valued at $3,524,000 after buying an additional 2,097 shares during the last quarter. Finally, Algert Global LLC raised its stake in Allied Motion Technologies by 8.0% in the first quarter. Algert Global LLC now owns 60,312 shares of the technology company’s stock valued at $1,212,000 after buying an additional 4,490 shares during the last quarter. 39.14% of the stock is currently owned by institutional investors.

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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