Allied Motion Technologies (AMOT) was Initiated by Dougherty & Company to “Neutral”. Dougherty & Company advised their investors in a research report released on Jul 1, 2016.
Many Wall Street Analysts have commented on Allied Motion Technologies. Company shares were Reiterated by Craig Hallum on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $30 .Allied Motion Technologies was Initiated by Craig Hallum to “Buy” on Apr 21, 2016.
Allied Motion Technologies opened for trading at $22.94 and hit $23.56 on the upside on Wednesday, eventually ending the session at $23.42, with a gain of 3.90% or 0.88 points. The heightened volatility saw the trading volume jump to 44,339 shares. Company has a market cap of $220 M.
In a different news, on Jun 23, 2016, Richard D /co/ Smith (director) sold 10,000 shares at $21.95 per share price. According to the SEC, 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, 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).