Allied Motion Technologies (AMOT) was Initiated by Craig Hallum to “Buy”. Craig Hallum advised their investors in a research report released on Apr 21, 2016.
Allied Motion Technologies closed down -0.21 points or -1.16% at $17.85 with 44,264 shares getting traded on Monday. Post opening the session at $17.94, the shares hit an intraday low of $17.4 and an intraday high of $18.03 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 16, 2016, Gerald J Laber (director) purchased 3,000 shares at $18.37 per share price. According to the SEC, on Jun 12, 2015, Michael R Winter (director) purchased 2,000 shares at $24.99 per share price. On Mar 25, 2015, James J Tanous (director) purchased 2,000 shares at $32.70 per share price, according to the Form-4 filing with the securities and exchange commission.
Allied Motion Technologies Inc. (Allied Motion) provides motion applications products. The Company designs manufactures and sells motors electronic motion controls gearing and optical encoders. The Company sells component and integrated motion control solutions to customers and original equipment manufacturers (OEMs) through its direct sales force and manufacturers’ representatives and distributors. The Company’s products include Brushless DC Motors including servo motors frameless motors torque motors high speed slotless motors high resolution encoders motor/encoder assemblies; gearing solutions and integrated dives controls gearing and feedback devices among others. The Company also operates through its wholly owned subsidiaries: Premotec (Dordrecht The Netherlands) Allied Motion Stockholm (located in Stockholm Sweden) Allied Motion Asia (Hong Kong and Changzhou China) Globe Motors Portugal (Porto Portugal) and Globe Motors Mexico (Reynosa Mexico).