Allied Motion Technologies, Inc. (NASDAQ:AMOT) announced a quarterly dividend on Thursday, March 14th, Wall Street Journal reports. Shareholders of record on Thursday, March 28th will be given a dividend of 0.03 per share by the technology company on Wednesday, April 10th. This represents a $0.12 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Wednesday, March 27th.
Allied Motion Technologies has raised its dividend payment by an average of 4.8% annually over the last three years. Allied Motion Technologies has a payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Allied Motion Technologies to earn $2.34 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 5.1%.
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AMOT stock traded down $1.18 during midday trading on Thursday, reaching $40.49. The company’s stock had a trading volume of 297,211 shares, compared to its average volume of 36,378. The company has a quick ratio of 1.39, a current ratio of 2.44 and a debt-to-equity ratio of 0.62. Allied Motion Technologies has a 1 year low of $33.57 and a 1 year high of $55.47. The firm has a market cap of $392.42 million, a price-to-earnings ratio of 33.19, a PEG ratio of 1.77 and a beta of 1.68.
Allied Motion Technologies (NASDAQ:AMOT) last released its earnings results on Wednesday, March 13th. The technology company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.15). Allied Motion Technologies had a return on equity of 17.59% and a net margin of 4.43%. The business had revenue of $73.96 million during the quarter. Research analysts expect that Allied Motion Technologies will post 1.86 EPS for the current year.
A number of research firms have weighed in on AMOT. Zacks Investment Research lowered Allied Motion Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. BidaskClub lowered Allied Motion Technologies from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 24th. Craig Hallum set a $66.00 price target on Allied Motion Technologies and gave the company a “buy” rating in a research note on Friday, December 7th. Finally, ValuEngine upgraded Allied Motion Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Allied Motion Technologies presently has a consensus rating of “Hold” and a consensus price target of $57.00.
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About Allied Motion Technologies
Allied Motion Technologies, Inc designs, manufactures, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.
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