Allied Motion Technologies, Inc. (NASDAQ:AMOT) to Issue $0.03 Dividend

Allied Motion Technologies, Inc. (NASDAQ:AMOT) announced a dividend on Thursday, October 31st, Fidelity reports. Investors of record on Thursday, November 14th will be paid a dividend of 0.03 per share by the technology company on Wednesday, November 27th. The ex-dividend date is Wednesday, November 13th.

Allied Motion Technologies stock traded down $0.75 during midday trading on Tuesday, reaching $44.03. The stock had a trading volume of 23,800 shares, compared to its average volume of 35,189. The firm’s fifty day simple moving average is $37.69 and its two-hundred day simple moving average is $36.53. Allied Motion Technologies has a twelve month low of $30.98 and a twelve month high of $52.20. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.49 and a quick ratio of 1.42. The firm has a market cap of $429.88 million, a price-to-earnings ratio of 25.90, a PEG ratio of 2.59 and a beta of 1.52.

Allied Motion Technologies (NASDAQ:AMOT) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. Allied Motion Technologies had a net margin of 4.53% and a return on equity of 15.67%. The firm had revenue of $96.63 million during the quarter. As a group, sell-side analysts predict that Allied Motion Technologies will post 1.73 EPS for the current fiscal year.

In related news, Director Richard D. /Co/ Smith sold 20,000 shares of Allied Motion Technologies stock in a transaction on Friday, November 1st. The stock was sold at an average price of $40.67, for a total value of $813,400.00. Following the completion of the sale, the director now owns 1,887 shares of the company’s stock, valued at $76,744.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard D. /Co/ Smith sold 5,000 shares of Allied Motion Technologies stock in a transaction on Monday, November 4th. The stock was sold at an average price of $45.48, for a total value of $227,400.00. Following the completion of the sale, the director now directly owns 1,887 shares of the company’s stock, valued at approximately $85,820.76. The disclosure for this sale can be found here. Insiders sold a total of 35,300 shares of company stock worth $1,432,755 over the last quarter. 23.10% of the stock is currently owned by company insiders.

AMOT has been the subject of a number of recent analyst reports. Dougherty & Co reaffirmed a “buy” rating on shares of Allied Motion Technologies in a research note on Monday, November 4th. ValuEngine upgraded shares of Allied Motion Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 6th. BidaskClub upgraded shares of Allied Motion Technologies from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Zacks Investment Research upgraded shares of Allied Motion Technologies from a “sell” rating to a “hold” rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $57.00.

Allied Motion Technologies Company Profile

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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Dividend History for Allied Motion Technologies (NASDAQ:AMOT)

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