Shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) have been given a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Brokerages have set a 1-year consensus price target of $37.00 for the company and are forecasting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also given Allied Motion Technologies an industry rank of 30 out of 265 based on the ratings given to related companies.

A number of brokerages recently commented on AMOT. BidaskClub upgraded Allied Motion Technologies from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Zacks Investment Research downgraded Allied Motion Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, TheStreet upgraded Allied Motion Technologies from a “c+” rating to a “b” rating in a report on Thursday, November 16th.

Shares of Allied Motion Technologies (NASDAQ:AMOT) traded up $1.75 during mid-day trading on Thursday, reaching $32.01. The company’s stock had a trading volume of 18,968 shares, compared to its average volume of 37,162. The company has a quick ratio of 1.76, a current ratio of 2.80 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $285.67, a P/E ratio of 34.05, a P/E/G ratio of 1.34 and a beta of 1.95. Allied Motion Technologies has a 12-month low of $19.09 and a 12-month high of $36.20.

Several institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its holdings in Allied Motion Technologies by 53.3% in the fourth quarter. Renaissance Technologies LLC now owns 185,800 shares of the technology company’s stock worth $6,148,000 after purchasing an additional 64,600 shares in the last quarter. Quantum Capital Management bought a new position in Allied Motion Technologies in the third quarter worth $843,000. Wedge Capital Management L L P NC bought a new position in Allied Motion Technologies in the third quarter worth $697,000. Walthausen & Co. LLC raised its holdings in Allied Motion Technologies by 11.9% in the second quarter. Walthausen & Co. LLC now owns 240,287 shares of the technology company’s stock worth $6,541,000 after purchasing an additional 25,476 shares in the last quarter. Finally, Confluence Investment Management LLC bought a new position in Allied Motion Technologies in the fourth quarter worth $755,000. Institutional investors own 41.51% of the company’s stock.

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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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