Allied Motion Technologies Inc. (NASDAQ:AMOT) Sees Large Increase in Short Interest – MarketBeat

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Allied Motion Technologies Inc. (NASDAQ:AMOT – Get Rating) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 232,900 shares, an increase of 12.2% from the September 30th total of 207,500 shares. Currently, 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 37,400 shares, the days-to-cover ratio is currently 6.2 days.

Institutional Investors Weigh In On Allied Motion Technologies

Large investors have recently added to or reduced their stakes in the company. Amalgamated Bank bought a new stake in Allied Motion Technologies in the 1st quarter worth $56,000. Lazard Asset Management LLC grew its holdings in Allied Motion Technologies by 47.0% in the 2nd quarter. Lazard Asset Management LLC now owns 2,838 shares of the technology company’s stock worth $64,000 after acquiring an additional 907 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Allied Motion Technologies by 167.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,791 shares of the technology company’s stock worth $64,000 after acquiring an additional 1,747 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Allied Motion Technologies by 67.9% during the 1st quarter. MetLife Investment Management LLC now owns 6,936 shares of the technology company’s stock valued at $207,000 after purchasing an additional 2,806 shares in the last quarter. Finally, LVM Capital Management Ltd. MI bought a new stake in shares of Allied Motion Technologies during the 3rd quarter valued at about $215,000. Institutional investors own 56.08% of the company’s stock.

Allied Motion Technologies Price Performance

Shares of NASDAQ:AMOT opened at $33.51 on Friday. The stock has a market cap of $535.42 million, a PE ratio of 34.55 and a beta of 1.51. The company’s fifty day moving average is $30.55 and its 200 day moving average is $27.42. Allied Motion Technologies has a 52 week low of $21.14 and a 52 week high of $44.70. The company has a quick ratio of 1.18, a current ratio of 2.38 and a debt-to-equity ratio of 1.14.
Allied Motion Technologies (NASDAQ:AMOT – Get Rating) last issued its earnings results on Wednesday, August 3rd. The technology company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.11. The company had revenue of $122.72 million for the quarter, compared to analysts’ expectations of $117.00 million. Allied Motion Technologies had a net margin of 3.34% and a return on equity of 9.86%. During the same quarter last year, the company earned $0.33 EPS. Research analysts anticipate that Allied Motion Technologies will post 1.32 earnings per share for the current year.

Allied Motion Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Wednesday, August 17th. Allied Motion Technologies’s dividend payout ratio (DPR) is presently 10.31%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AMOT shares. StockNews.com started coverage on shares of Allied Motion Technologies in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. TheStreet upgraded shares of Allied Motion Technologies from a “c+” rating to a “b-” rating in a research report on Thursday, August 25th. Finally, Craig Hallum lifted their target price on shares of Allied Motion Technologies to $41.00 in a research report on Tuesday, August 9th.

About Allied Motion Technologies

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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.

See Also

• Get a free copy of the StockNews.com research report on Allied Motion Technologies (AMOT)
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