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.
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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