Allied Motion Technologies (NASDAQ:AMOT) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Allied Motion Technologies (NASDAQ:AMOTGet Rating) announced its quarterly earnings data on Wednesday. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.11, Fidelity Earnings reports. Allied Motion Technologies had a net margin of 3.34% and a return on equity of 10.13%. During the same quarter in the prior year, the business earned $0.33 EPS.

Allied Motion Technologies Trading Up 1.4 %

NASDAQ:AMOT traded up $0.46 during trading hours on Friday, reaching $32.96. 37,185 shares of the company were exchanged, compared to its average volume of 36,716. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.46 and a quick ratio of 1.23. The firm has a market cap of $510.91 million, a price-to-earnings ratio of 33.98 and a beta of 1.61. Allied Motion Technologies has a 52-week low of $21.14 and a 52-week high of $44.70. The stock has a 50 day simple moving average of $24.61 and a 200 day simple moving average of $28.17.

Allied Motion Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Wednesday, August 17th. Allied Motion Technologies’s dividend payout ratio is currently 10.31%.

Hedge Funds Weigh In On Allied Motion Technologies

A number of hedge funds have recently made changes to their positions in AMOT. MetLife Investment Management LLC raised its stake in shares of Allied Motion Technologies by 67.9% in the 1st quarter. MetLife Investment Management LLC now owns 6,936 shares of the technology company’s stock valued at $207,000 after acquiring an additional 2,806 shares during the period. Westwood Holdings Group Inc. bought a new position in shares of Allied Motion Technologies in the 1st quarter worth about $219,000. Atria Wealth Solutions Inc. bought a new position in shares of Allied Motion Technologies in the 1st quarter worth about $271,000. Prudential Financial Inc. bought a new position in shares of Allied Motion Technologies in the 1st quarter worth about $305,000. Finally, Acadian Asset Management LLC lifted its position in shares of Allied Motion Technologies by 22.2% in the 1st quarter. Acadian Asset Management LLC now owns 16,138 shares of the technology company’s stock worth $480,000 after buying an additional 2,929 shares during the last quarter. Hedge funds and other institutional investors own 56.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, May 19th.

Allied Motion Technologies Company Profile

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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.

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Earnings History for Allied Motion Technologies (NASDAQ:AMOT)

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