Allied Motion Technologies Inc. (AMOT) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

May 18, 2018 - By Michael Lara

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 is positive, 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.
Wedge Cap L Limited Partnership Nc invested in 27,500 shares. California State Teachers Retirement reported 10,459 shares stake. Wells Fargo And Company Mn accumulated 10,994 shares or 0% of the stock. 63,064 are owned by Geode Mgmt Ltd Company. Fny Managed Accounts Ltd Limited Liability Company, New York-based fund reported 99 shares. Tiaa Cref Limited Com has 0% invested in Allied Motion Technologies Inc. (NASDAQ:AMOT). Blackrock, a New York-based fund reported 446,949 shares. Deutsche National Bank Ag stated it has 35,629 shares or 0% of all its holdings. G2 Inv Partners Limited Liability Corp has 0.62% invested in Allied Motion Technologies Inc. (NASDAQ:AMOT). 7,881 were reported by Pitcairn Company. Earnest Prtnrs Limited Liability Company reported 0% in Allied Motion Technologies Inc. (NASDAQ:AMOT). Acadian Asset Mgmt Limited Liability Corp stated it has 0% in Allied Motion Technologies Inc. (NASDAQ:AMOT). Federated Invsts Pa has 260 shares for 0% of their portfolio. National Bank Of America Corp De owns 898 shares or 0% of their US portfolio. New York State Common Retirement Fund, New York-based fund reported 7,400 shares.

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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