Allied Motion Technologies, Inc. (NASDAQ:AMOT) Short Interest Update

Allied Motion Technologies, Inc. (NASDAQ:AMOT) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 92,900 shares, an increase of 6.7% from the December 15th total of 87,100 shares. Based on an average daily volume of 35,200 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.2% of the shares of the company are sold short.

A number of research analysts recently issued reports on AMOT shares. Zacks Investment Research upgraded Allied Motion Technologies from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. ValuEngine downgraded Allied Motion Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Dougherty & Co reiterated a “buy” rating on shares of Allied Motion Technologies in a research note on Monday, November 4th. Finally, BidaskClub downgraded Allied Motion Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th.

Shares of NASDAQ:AMOT traded up $1.15 during mid-day trading on Thursday, reaching $49.57. 6,404 shares of the company traded hands, compared to its average volume of 29,331. The company’s 50 day moving average price is $46.64 and its 200-day moving average price is $39.92. The firm has a market cap of $464.83 million, a PE ratio of 29.16, a PEG ratio of 2.09 and a beta of 1.48. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.49 and a quick ratio of 1.42. Allied Motion Technologies has a 52 week low of $30.98 and a 52 week high of $49.26.

Allied Motion Technologies (NASDAQ:AMOT) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.09. The company had revenue of $96.63 million during the quarter. Allied Motion Technologies had a return on equity of 15.67% and a net margin of 4.53%. On average, research analysts predict that Allied Motion Technologies will post 1.73 earnings per share for the current fiscal year.

In other Allied Motion Technologies news, CEO Richard S. Warzala sold 5,658 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $44.66, for a total transaction of $252,686.28. Following the completion of the sale, the chief executive officer now directly owns 1,063,357 shares in the company, valued at approximately $47,489,523.62. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard S. Warzala sold 6,278 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $44.58, for a total value of $279,873.24. Following the sale, the chief executive officer now owns 1,040,334 shares of the company’s stock, valued at $46,378,089.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,615 shares of company stock valued at $3,367,934. Corporate insiders own 23.10% of the company’s stock.

Several large investors have recently made changes to their positions in AMOT. Marshall Wace LLP bought a new position in shares of Allied Motion Technologies during the 1st quarter valued at approximately $29,000. JPMorgan Chase & Co. boosted its stake in Allied Motion Technologies by 9.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 29,954 shares of the technology company’s stock worth $1,128,000 after purchasing an additional 2,589 shares during the period. Bank of New York Mellon Corp boosted its stake in Allied Motion Technologies by 88.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 128,594 shares of the technology company’s stock worth $4,873,000 after purchasing an additional 60,351 shares during the period. Northern Trust Corp boosted its stake in Allied Motion Technologies by 1.8% in the 2nd quarter. Northern Trust Corp now owns 83,910 shares of the technology company’s stock worth $3,180,000 after purchasing an additional 1,517 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Allied Motion Technologies by 87.7% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 12,200 shares of the technology company’s stock worth $462,000 after purchasing an additional 5,700 shares during the period. Institutional investors own 55.25% of the company’s stock.

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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