Allied Motion Technologies (NASDAQ:AMOT) Stock Passes Above 200-Day Moving Average of $0.00
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.
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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