Allied Motion Technologies Inc., together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems that are used in a range of industries worldwide. The company 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. It also provides electronic power steering, drive-by-wire applications, drive systems and pumps, automated and remotely guided power steering, and HVAC systems, and construction and agricultural equipment. The company sells its products to end customers and original equipment manufacturers in vehicle, medical, aerospace and defense, and industrial markets through direct sales force, as well as authorized manufacturers' representatives, agents, and distributors. Allied Motion Technologies Inc. was incorporated in 1962 and is headquartered in Amherst, New York.
Allied Motion Technologies Stock Performance
Shares of AMOT Stock opened at $37.34 on Friday. The stock has a market cap of $596.62 million, a P/E ratio of 38.53 and a beta of 1.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.38 and a quick ratio of 1.18. The company has a fifty day moving average price of $26.30 and a two-hundred day moving average price of $28.10. Allied Motion Technologies has a one year low of $21.14 and a one year high of $44.70.
Allied Motion Technologies (NASDAQ:AMOT - Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The technology company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.11. The firm had revenue of $122.72 million during the quarter, compared to analysts' expectations of $117.00 million. Allied Motion Technologies had a net margin of 3.34% and a return on equity of 9.86%. During the same quarter last year, the company posted $0.33 earnings per share. As a group, equities analysts predict that Allied Motion Technologies will post 1.32 EPS for the current year.
Allied Motion Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Wednesday, August 17th. Allied Motion Technologies's payout ratio is presently 10.31%.
Wall Street Analyst Weigh In
AMOT has been the subject of several recent research reports. Craig Hallum increased their target price on shares of Allied Motion Technologies to $41.00 in a report on Tuesday, August 9th. StockNews.com upgraded shares of Allied Motion Technologies from a "hold" rating to a "buy" rating in a report on Thursday, May 19th.