Allied Motion Technologies Inc (AMOT) Files Form 4 Insider Selling : Richard D /co/ Smith Sells 10,000 Shares

Allied Motion Technologies Inc (AMOT): Richard D /co/ Smith , director of Allied Motion Technologies Inc sold 10,000 shares on Jun 21, 2016. The Insider selling transaction was reported by the company on Jun 23, 2016 to the Securities and Exchange Commission. The shares were sold at $21.95 per share for a total value of $219,494.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 16, 2016, Gerald J Laber (director) purchased 3,000 shares at $18.37 per share price.On Jun 12, 2015, Michael R Winter (director) purchased 2,000 shares at $24.99 per share price.Also, On Apr 2, 2015, Richard S Warzala (director officer 10% owner (Chief Executive Offic) sold 10,000 shares at $33.23 per share price.On Mar 25, 2015, James J Tanous (director) purchased 2,000 shares at $32.70 per share price.

Shares of Allied Motion Technologies (AMOT) ended Tuesday, Jun 21, 2016 session in red amid volatile trading. The shares closed down -0.42 points or -1.85% at $22.24 with 35,278 shares getting traded. Post opening the session at $22.71, the shares hit an intraday low of $21.48 and an intraday high of $22.71 and the price vacillated in this range throughout the day. The company has a market cap of $209 M and the number of outstanding shares has been calculated to be 94,02,363 shares. The 52-week high of Allied Motion Technologies is $27.7 and the 52-week low is $15.46.

Allied Motion Technologies Money Flow Index Chart

Company has been under the radar of several Street Analysts.Allied Motion Technologies is Reiterated by Craig Hallum to Buy and the brokerage firm has raised the Price Target to $ 33 from a previous price target of $30 .The Rating was issued on May 6, 2016.Allied Motion Technologies is Initiated by Craig Hallum to Buy. The Rating was issued on Apr 21, 2016.

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).

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