Allied Motion Technologies, Inc. (NASDAQ:AMOT) is set to announce third quarter earning results on Wednesday 4th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, AMOT to report 3Q20 income of $ 0.28 per share.
For the full year, analysts anticipate top line of $ 355.96 million, while looking forward to income of $ 1.26 per share bottom line.
Previous Quarter Performance
Allied Motion Technologies, Inc. recorded income for the second quarter of $ 0.32 per share, from the revenue of $ 86.66 million. The consensus estimates are income of $ 0.05 per share from $ 80.74 million in revenue. The top line results outshined analysts by $ 5.92 million or 7.33 percent.
Stock Performance
Shares of Allied Motion Technologies, Inc. traded up $ 0.74 or 1.85 percent on Tuesday, reaching $ 40.68 with volume of 17.70 thousand shares. Allied Motion Technologies, Inc. has traded high as $ 41.14 and has cracked $ 39.55 on the downward trend
According to the previous trading day, closing price of $ 40.68, representing a 110.21 % increase from the 52 week low of $ 19.00 and a 20.09 % decrease over the 52 week high of $ 49.98.
The company has a market capital of $ 396.40 million and is part of the Technology sector and Electronic Components industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.03 per share on August 5, 2020. The dividend were payable on September 2, 2020 to holders of record as of the close of business on August 20, 2020 and ex-dividend date on August 19, 2020.
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.
