Allied Motion Technologies, Inc. (NASDAQ:AMOT) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $39.90. Allied Motion Technologies shares last traded at $39.13, with a volume of 506 shares.

Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. BidaskClub downgraded shares of Utah Medical Products from a “hold” rating to a “sell” rating in a report on Monday, July 8th. Finally, ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $57.00.

The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.50 and a current ratio of 2.67. The stock has a fifty day simple moving average of $36.39. The firm has a market cap of $385.92 million, a PE ratio of 22.82, a price-to-earnings-growth ratio of 1.96 and a beta of 1.65.

Allied Motion Technologies (NASDAQ:AMOT) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The company had revenue of $93.90 million during the quarter. Allied Motion Technologies had a net margin of 4.94% and a return on equity of 16.01%. As a group, equities research analysts expect that Allied Motion Technologies, Inc. will post 2.05 earnings per share for the current year.

In other news, Director Michael R. Winter bought 1,400 shares of the stock in a transaction dated Tuesday, May 14th. The stock was bought at an average price of $35.35 per share, for a total transaction of $49,490.00. Following the completion of the acquisition, the director now directly owns 16,118 shares in the company, valued at approximately $569,771.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 23.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in shares of Allied Motion Technologies in the first quarter valued at about $29,000. BNP Paribas Arbitrage SA grew its position in Allied Motion Technologies by 73,050.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,463 shares of the technology company’s stock valued at $50,000 after buying an additional 1,461 shares during the period. Advisor Group Inc. grew its position in Allied Motion Technologies by 64.7% during the fourth quarter. Advisor Group Inc. now owns 1,400 shares of the technology company’s stock valued at $63,000 after buying an additional 550 shares during the period. Metropolitan Life Insurance Co. NY grew its position in Allied Motion Technologies by 365.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,308 shares of the technology company’s stock valued at $103,000 after buying an additional 1,812 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in Allied Motion Technologies during the first quarter valued at about $153,000. Institutional investors own 51.27% of the company’s stock.

About Allied Motion Technologies (NASDAQ:AMOT)

Allied Motion Technologies, Inc designs, manufactures, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.

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