According to Zacks, “Hathaway Corporation is engaged in the business of designing, manufacturing and selling advanced systems and instrumentation to the worldwide power and process industries, as well as motion control products to a broad spectrum of customers throughout the world. The company’s power instrumentation products helps ensure that electric utilities provide high quality service to consumers of electricity. The company’s equipment assists the electric power system operators in operating and maintaining proper system performance. “
AMOT has been the topic of a number of other research reports. Colliers Securities reaffirmed a “buy” rating on shares of Allied Motion Technologies in a research note on Sunday, March 7th. Roth Capital reiterated a “buy” rating on shares of Allied Motion Technologies in a research report on Thursday, March 4th.
Allied Motion Technologies (NASDAQ:AMOT) last posted its earnings results on Thursday, March 11th. The technology company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The company had revenue of $93.00 million during the quarter, compared to analysts’ expectations of $89.00 million. Allied Motion Technologies had a net margin of 3.99% and a return on equity of 11.69%. As a group, sell-side analysts expect that Allied Motion Technologies will post 1.43 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of AMOT. Marshall Wace LLP purchased a new stake in Allied Motion Technologies in the first quarter worth about $29,000. International Assets Investment Management LLC purchased a new stake in shares of Allied Motion Technologies in the 4th quarter worth approximately $69,000. Citigroup Inc. boosted its stake in shares of Allied Motion Technologies by 287.2% during the fourth quarter. Citigroup Inc. now owns 1,417 shares of the technology company’s stock valued at $72,000 after purchasing an additional 1,051 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Allied Motion Technologies during the fourth quarter valued at approximately $251,000. Finally, Calamos Advisors LLC purchased a new position in Allied Motion Technologies during the fourth quarter valued at approximately $334,000. Hedge funds and other institutional investors own 54.84% of the company’s stock.
Allied Motion Technologies Company Profile
Allied Motion Technologies Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems that are used in a range of industries worldwide. The company offers brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, gearing, modular digital servo drives, motion controllers.
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