Is Allied Motion Technologies Inc. (AMOT) a Buy? The Stock Reaches 52-Week High Today

May 18, 2018 - By sdfsdfsdf

Allied Motion Technologies Inc. (NASDAQ:AMOT) Logo

Investors sentiment increased to 2.25 in 2017 Q4. Its up 1.21, from 1.04 in 2017Q3. It improved, as 4 investors sold Allied Motion Technologies Inc. shares while 16 reduced holdings. 23 funds opened positions while 22 raised stakes. 3.98 million shares or 7.67% more from 3.70 million shares in 2017Q3 were reported.
Blackrock Inc owns 446,949 shares. Ranger Investment Mgmt Lp reported 92,850 shares. 1,206 were accumulated by Prelude Cap Mngmt Lc. Pennsylvania-based Vanguard Group has invested 0% in Allied Motion Technologies Inc. (NASDAQ:AMOT). Ameritas Invest Ptnrs Inc reported 482 shares. Eam Invsts Ltd Limited Liability Company reported 0.08% of its portfolio in Allied Motion Technologies Inc. (NASDAQ:AMOT). Thomson Horstmann And Bryant reported 467,346 shares. 22,806 were accumulated by Confluence Inv Mgmt Llc. Numeric Investors Limited Co has invested 0.01% in Allied Motion Technologies Inc. (NASDAQ:AMOT). Morgan Stanley holds 0% or 63,005 shares in its portfolio. Dimensional Fund Lp, Texas-based fund reported 424,847 shares. Walthausen And Co Ltd Co has 0.74% invested in Allied Motion Technologies Inc. (NASDAQ:AMOT). Moreover, Legal & General Group Public Limited Com has 0% invested in Allied Motion Technologies Inc. (NASDAQ:AMOT). Acadian Asset Management Lc accumulated 3,004 shares. First Tru Limited Partnership has invested 0% in Allied Motion Technologies Inc. (NASDAQ:AMOT).

The stock of Allied Motion Technologies Inc. (NASDAQ:AMOT) hit a new 52-week high and has $49.92 target or 4.00 % above today’s $48.00 share price. The 8 months bullish chart indicates low risk for the $455.12 million company. The 1-year high was reported on May, 18 by Barchart.com. If the $49.92 price target is reached, the company will be worth $18.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.57% or $0.27 during the last trading session, reaching $48. About 25,158 shares traded. Allied Motion Technologies Inc. (NASDAQ:AMOT) has risen 92.31% since May 18, 2017 and is uptrending. It has outperformed by 80.76% the S&P500.

More news for Allied Motion Technologies Inc. (NASDAQ:AMOT) were recently published by: Seekingalpha.com, which released: “Allied Motion Technologies’ (AMOT) CEO Dick Warzala on Q1 2018 Results – Earnings Call Transcript” on May 05, 2018. Businesswire.com‘s article titled: “Allied Motion Increases Quarterly Cash Dividend” and published on May 02, 2018 is yet another important article.

Allied Motion Technologies Inc. designs, makes, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. The company has market cap of $455.12 million. It provides electronic motion control products, including integrated power electronics, digital controls, and network communications for motor control and power conversion; and fractional horsepower brushless DC motors for medical, industrial, and commercial aviation applications, such as dialysis equipment, industrial ink jet printers, cash dispensers, bar code readers, laser scanning equipment, fuel injection systems, HVAC actuators, waste water treatment equipment, dosing systems for the medical industry, and textile manufacturing and document handling equipment. It has a 55.17 P/E ratio. The firm also offers engineered fractional horsepower permanent magnet DC and brushless DC motors for a range of original equipment applications; and brushless DC motors, including servo motors, frameless motors, torque motors, high speed slotless motors, high resolution encoders, and motor/encoder assemblies for medical equipment, semiconductor, industrial, and aerospace and defense markets.

Allied Motion Technologies Inc. (NASDAQ:AMOT) Institutional Positions Chart

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