Allied Motion Technologies (NASDAQ:AMOT) Announces Earnings Results, Beats Expectations By $0.11 EPS – MarketBeat
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Allied Motion Technologies (NASDAQ:AMOT – Get Rating) posted its earnings results on Wednesday. The technology company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.11, Fidelity Earnings reports. Allied Motion Technologies had a net margin of 3.34% and a return on equity of 10.13%. During the same quarter last year, the firm posted $0.33 EPS.
Allied Motion Technologies Stock Down 1.0 %
NASDAQ:AMOT traded down $0.32 on Friday, reaching $32.18. 485 shares of the stock traded hands, compared to its average volume of 30,108. The company has a market capitalization of $498.79 million, a price-to-earnings ratio of 33.51 and a beta of 1.61. The company has a current ratio of 2.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.92. Allied Motion Technologies has a 12 month low of $21.14 and a 12 month high of $44.70. The company’s fifty day simple moving average is $24.43 and its 200 day simple moving average is $28.20.
Allied Motion Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.31%. Allied Motion Technologies’s dividend payout ratio is currently 10.31%.
Institutional Trading of Allied Motion Technologies
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Allied Motion Technologies by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 594,989 shares of the technology company’s stock valued at $17,754,000 after purchasing an additional 3,617 shares in the last quarter. State Street Corp increased its stake in Allied Motion Technologies by 4.4% during the 1st quarter. State Street Corp now owns 214,535 shares of the technology company’s stock valued at $6,407,000 after purchasing an additional 9,100 shares in the last quarter. Meros Investment Management LP increased its stake in Allied Motion Technologies by 0.6% during the 1st quarter. Meros Investment Management LP now owns 82,687 shares of the technology company’s stock valued at $2,467,000 after purchasing an additional 498 shares in the last quarter. Gabelli Funds LLC increased its stake in Allied Motion Technologies by 10.4% during the 1st quarter. Gabelli Funds LLC now owns 47,367 shares of the technology company’s stock valued at $1,413,000 after purchasing an additional 4,454 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Allied Motion Technologies by 4.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 32,182 shares of the technology company’s stock valued at $961,000 after acquiring an additional 1,257 shares during the last quarter. 56.83% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, May 19th.
Allied Motion Technologies Company Profile
(Get Rating)
Allied Motion Technologies Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems that are used in a range of industries worldwide. The company offers brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, gearing, modular digital servo drives, motion controllers, optical encoders, active, and passive filters.
Further Reading
- Get a free copy of the StockNews.com research report on Allied Motion Technologies (AMOT)
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Why Apple Could Be At All-Time Highs By Year End
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- BJ’s Wholesale Club Stock Has More Room to Grow
- How Does Freeport McMoran Inc Compare to Its Sector Competitors?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Allied Motion Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Allied Motion Technologies wasn’t on the list.
While Allied Motion Technologies currently has a “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Today, Kate’s guest is Rhys Williams, chief investment officer for the Opportunistic All Cap Equity, a long-short strategy at Spouting Rock Asset Management.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.
Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.