Allied Motion Technologies, Inc. (AMOT) Rating Increased to Strong-Buy at Zacks Investment Research
Allied Motion Technologies, Inc. (NASDAQ:AMOT) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday. The brokerage presently has a $37.00 price objective on the technology company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 15.63% from the company’s previous close.
According to Zacks, “Hathaway Corporation is engaged in the business of designing, manufacturing and selling advanced systems and instrumentation to the worldwide power and process industries, as well as motion control products to a broad spectrum of customers throughout the world. The company’s power instrumentation products helps ensure that electric utilities provide high quality service to consumers of electricity. The company’s equipment assists the electric power system operators in operating and maintaining proper system performance. “
Separately, TheStreet cut Allied Motion Technologies from a “b” rating to a “c+” rating in a report on Tuesday, August 8th.
Shares of Allied Motion Technologies (NASDAQ:AMOT) opened at $32.00 on Thursday. The company has a current ratio of 2.80, a quick ratio of 1.76 and a debt-to-equity ratio of 0.71. Allied Motion Technologies has a 1 year low of $19.09 and a 1 year high of $34.83. The firm has a market capitalization of $302.40, a price-to-earnings ratio of 34.03, a PEG ratio of 2.00 and a beta of 1.91.
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Several institutional investors have recently bought and sold shares of AMOT. Salem Investment Counselors Inc. acquired a new position in shares of Allied Motion Technologies during the 2nd quarter worth $1,145,000. Quantum Capital Management acquired a new position in shares of Allied Motion Technologies during the 3rd quarter worth $843,000. Dimensional Fund Advisors LP raised its holdings in shares of Allied Motion Technologies by 7.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 391,624 shares of the technology company’s stock worth $7,872,000 after buying an additional 28,050 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Allied Motion Technologies during the 3rd quarter worth $697,000. Finally, Walthausen & Co. LLC raised its holdings in shares of Allied Motion Technologies by 11.9% during the 2nd quarter. Walthausen & Co. LLC now owns 240,287 shares of the technology company’s stock worth $6,541,000 after buying an additional 25,476 shares in the last quarter. 41.64% of the stock is 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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