Allient (NASDAQ:ALNT) Earns Hold (C) Rating from Weiss Ratings

Key Points

• Allient Inc. (NASDAQ:ALNT) maintained its "hold (c)" rating from Weiss Ratings, indicating a neutral stance from analysts.
• In mid-day trading, Allient's stock price increased by $2.45 to $44.52, with a market cap of $754.61 million and a P/E ratio of 51.77.
• The company reported earnings of $0.57 EPS, exceeding analysts' expectations, alongside revenue of $139.58 million for the last quarter.

Allient (NASDAQ:ALNT - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Allient Stock Performance

Shares of ALNT traded up $2.45 during mid-day trading on Wednesday, hitting $44.52. The stock had a trading volume of 245,492 shares, compared to its average volume of 124,690. The company has a market cap of $754.61 million, a PE ratio of 51.77 and a beta of 1.51. The company's fifty day simple moving average is $44.38 and its two-hundred day simple moving average is $34.92. The company has a quick ratio of 2.17, a current ratio of 3.74 and a debt-to-equity ratio of 0.70. Allient has a fifty-two week low of $16.91 and a fifty-two week high of $48.22.

Allient (NASDAQ:ALNT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09. The company had revenue of $139.58 million during the quarter, compared to analyst estimates of $132.89 million. Allient had a return on equity of 9.97% and a net margin of 2.75%. On average, equities analysts expect that Allient will post 1.43 earnings per share for the current year.

Institutional Trading of Allient

Several large investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. acquired a new stake in Allient in the 3rd quarter valued at approximately $495,000. State of Wyoming bought a new position in Allient during the 2nd quarter valued at $93,000. Tower Research Capital LLC TRC boosted its stake in Allient by 162.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,190 shares of the company's stock valued at $80,000 after purchasing an additional 1,355 shares in the last quarter. State of Tennessee Department of Treasury bought a new position in Allient during the 2nd quarter valued at $136,000. Finally, BNP Paribas Financial Markets boosted its stake in Allient by 5.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 57,322 shares of the company's stock valued at $2,081,000 after purchasing an additional 2,979 shares in the last quarter. 61.57% of the stock is currently owned by institutional investors and hedge funds.

About Allient

Allient Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems for various industries in the United States, Canada, South America, Europe, and Asia-Pacific. It 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, input/output modules, industrial communications gateways, light-weighting technologies, and other controlled motion-related products, as well as nano precision positioning systems, servo control systems, and digital servo amplifiers and drives.

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