Allient (NASDAQ:ALNT) Stock Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Allient shares fell below their 200-day moving average: They traded as low as $76.68 and last changed hands at $77.68, below the $83.42 average.
• Analyst views remain generally positive but mixed: MarketBeat reports a Moderate Buy consensus and an $82.33 average price target, while JPMorgan lowered its target to $110 and kept a Neutral rating.
• Allient beat quarterly expectations, reporting EPS of $1.07 versus $0.74 expected and revenue of $164.4 million versus $155.25 million expected.

Allient Inc. (NASDAQ:ALNT - Get Free Report)'s share price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $83.42 and traded as low as $76.68. Allient shares last traded at $77.68, with a volume of 430,006 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALNT. Wall Street Zen raised Allient from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 7th. Zacks Research raised Allient from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 9th. Weiss Ratings cut Allient from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. reduced their price target on Allient from $120.00 to $110.00 and set a "neutral" rating for the company in a research report on Friday, November 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $82.33.

Allient Stock Down 8.0%

The firm's 50-day simple moving average is $97.99 and its 200 day simple moving average is $83.42. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.99 and a current ratio of 3.49. The stock has a market capitalization of $1.32 billion, a P/E ratio of 34.99 and a beta of 1.62.

Allient (NASDAQ:ALNT - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.33. The company had revenue of $164.40 million during the quarter, compared to analysts' expectations of $155.25 million. Allient had a return on equity of 15.80% and a net margin of 6.24%. As a group, research analysts expect that Allient Inc. will post 3.08 EPS for the current year.

Allient Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $0.16 annualized dividend and a yield of 0.2%. Allient's dividend payout ratio is 7.21%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in Allient by 29.3% in the third quarter. GAMMA Investing LLC now owns 485 shares of the company's stock valued at $54,000 after buying an additional 110 shares in the last quarter. Smith Group Asset Management LLC grew its position in Allient by 1.7% in the third quarter. Smith Group Asset Management LLC now owns 12,408 shares of the company's stock valued at $1,385,000 after acquiring an additional 207 shares during the last quarter. Jag Capital Management LLC grew its position in Allient by 5.1% in the first quarter. Jag Capital Management LLC now owns 5,107 shares of the company's stock valued at $302,000 after acquiring an additional 246 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Allient during the second quarter worth about $25,000. Finally, Kilter Group LLC acquired a new position in Allient during the second quarter worth about $37,000. Institutional investors and hedge funds own 61.57% of the company's stock.

About Allient

Allient Inc. designs and manufactures precision and specialty motion-control and power solutions. Its products include motors, gear motors, motion controllers, drives, encoders, actuators and integrated systems that help equipment move and operate with precision. The company serves a range of markets, including medical, aerospace and defense, industrial automation, robotics, transportation and energy. Allient operates internationally, with customers and operations across North America, Europe and Asia.

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