Allied Motion Technologies(NASDAQ:AMOT) Declares Dividend of $0.0250.

Allied Motion Technologies (NASDAQ:AMOT) had declared a cash dividend of $0.0250 on Aug 3, 2016. The shares will quote ex-dividend on Aug 16, 2016 and the record date has been fixed for Aug 18, 2016. On Aug 3, 2016 share price, the yield comes out to be 0.4444%. The dividend payable date has been fixed on Aug 31, 2016.

Allied Motion Technologies (AMOT) shares turned negative on Fridays trading session with the shares closing down -0.56 points or -2.55% at a volume of 31,553. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.1. The peak price level was also seen at $22.1 while the days lowest was $20.97. Finally the shares closed at $21.38. The 52-week high of the shares is $27.7 while the 52-week low is $15.46. According to the latest information available, the market cap of the company is $201 M.

Allied Motion Technologies(AMOT) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $63.67M. Analysts had an estimated revenue of $60.00M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.16.

Several Insider Transactions has been reported to the SEC. On Aug 2, 2016, Richard D /co/ Smith (director) sold 10,000 shares at $22.73 per share price.Also, 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).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *