StockNews.com Begins Coverage on Allied Motion Technologies (NASDAQ:AMOT)

Stock analysts at StockNews.com started coverage on shares of Allied Motion Technologies (NASDAQ:AMOT - Get Free Report) in a research report issued on Thursday. The brokerage set a "strong-buy" rating on the technology company's stock.

Separately, TheStreet cut shares of Allied Motion Technologies from a "b-" rating to a "c+" rating in a research note on Wednesday, May 3rd.

Read Our Latest Stock Analysis on AMOT

Shares of NASDAQ:AMOT opened at $32.72 on Thursday. The stock has a market cap of $529.41 million, a P/E ratio of 22.57 and a beta of 1.53. The firm has a fifty day moving average price of $37.51 and a 200 day moving average price of $37.65. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.73 and a quick ratio of 1.40. Allied Motion Technologies has a 1-year low of $25.14 and a 1-year high of $44.88.

Hedge funds have recently made changes to their positions in the company. Inspire Investing LLC acquired a new stake in shares of Allied Motion Technologies in the 1st quarter worth $526,000. Shaker Investments LLC OH purchased a new position in shares of Allied Motion Technologies in the 1st quarter valued at about $235,000. Denali Advisors LLC increased its holdings in shares of Allied Motion Technologies by 53.3% in the 4th quarter. Denali Advisors LLC now owns 2,300 shares of the technology company's stock valued at $80,000 after purchasing an additional 800 shares in the last quarter. White Pine Capital LLC increased its holdings in shares of Allied Motion Technologies by 1.5% in the 1st quarter. White Pine Capital LLC now owns 42,204 shares of the technology company's stock valued at $1,631,000 after purchasing an additional 611 shares in the last quarter. Finally, Fisher Asset Management LLC purchased a new position in shares of Allied Motion Technologies in the 4th quarter valued at about $928,000. Institutional investors and hedge funds own 61.22% of the company's stock.

Allied Motion Technologies Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems for various 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, input/output modules, industrial communications gateways, light-weighting technologies, and other controlled motion-related products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Allied Motion Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Allied Motion Technologies wasn't on the list.

While Allied Motion Technologies currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.