Allied Motion Technologies Inc. (NASDAQ:AMOT) Short Interest … – MarketBeat
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Allied Motion Technologies Inc. (NASDAQ:AMOT – Get Rating) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 137,000 shares, a growth of 11.7% from the November 30th total of 122,600 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 59,000 shares, the days-to-cover ratio is currently 2.3 days.
Allied Motion Technologies Price Performance
Shares of AMOT stock opened at $34.81 on Monday. Allied Motion Technologies has a fifty-two week low of $21.14 and a fifty-two week high of $43.37. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.31 and a current ratio of 2.58. The firm has a market capitalization of $553.13 million, a price-to-earnings ratio of 35.89 and a beta of 1.51. The stock’s 50-day simple moving average is $34.46 and its 200-day simple moving average is $30.72.
Allied Motion Technologies (NASDAQ:AMOT – Get Rating) last released its earnings results on Wednesday, November 2nd. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.25. Allied Motion Technologies had a net margin of 3.25% and a return on equity of 11.26%. The company had revenue of $134.41 million during the quarter, compared to analysts’ expectations of $126.90 million. As a group, equities analysts forecast that Allied Motion Technologies will post 1.61 earnings per share for the current fiscal year.
Allied Motion Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Thursday, November 17th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Wednesday, November 16th. Allied Motion Technologies’s payout ratio is 10.31%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on AMOT shares. Northland Securities initiated coverage on shares of Allied Motion Technologies in a report on Monday, December 12th. They issued an “outperform” rating and a $45.00 price target on the stock. StockNews.com started coverage on shares of Allied Motion Technologies in a report on Wednesday, October 12th. They issued a “buy” rating on the stock.
Hedge Funds Weigh In On Allied Motion Technologies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMOT. BlackRock Inc. increased its holdings in shares of Allied Motion Technologies by 2.9% in the third quarter. BlackRock Inc. now owns 786,437 shares of the technology company’s stock valued at $22,508,000 after purchasing an additional 22,419 shares during the period. Vanguard Group Inc. raised its position in Allied Motion Technologies by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 653,004 shares of the technology company’s stock worth $18,689,000 after buying an additional 21,009 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Allied Motion Technologies by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 610,822 shares of the technology company’s stock valued at $17,482,000 after acquiring an additional 12,953 shares during the period. Parcion Private Wealth LLC boosted its holdings in shares of Allied Motion Technologies by 426.6% in the 3rd quarter. Parcion Private Wealth LLC now owns 433,955 shares of the technology company’s stock valued at $12,420,000 after acquiring an additional 351,543 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Allied Motion Technologies by 4.8% in the second quarter. Renaissance Technologies LLC now owns 261,622 shares of the technology company’s stock worth $5,975,000 after acquiring an additional 11,900 shares during the period. Hedge funds and other institutional investors own 58.45% of the company’s stock.
Allied Motion Technologies Company Profile
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Allied Motion Technologies (AMOT)
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