Colliers Securities analyst Richard Ryan maintained a Buy rating on Allied Motion Technologies (AMOT – Research Report) today and set a price target of $60.00. The company’s shares closed last Friday at $36.49.
According to TipRanks.com, Ryan is a 4-star analyst with an average return of 13.9% and a 59.3% success rate. Ryan covers the Technology sector, focusing on stocks such as Vishay Precision Group, Ultra Clean Holdings, and Digi International.
Allied Motion Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $60.00.
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The company has a one-year high of $44.70 and a one-year low of $27.47. Currently, Allied Motion Technologies has an average volume of 29.13K.
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Allied Motion Technologies, Inc. engages in the provision of motion control products, marketed to original equipment manufacturers and end users. The firm’s activities include designing, manufacturing and selling of motors, electronic motion controls, gearing and optical encoders. It offers brush and brushless DC motors, coreless DC motors, integrated brushless motor-drives, gear motors, gearing, modular digital servo drives, motion controllers, incremental and absolute optical encoders, and associated motion control-related products to the automotive, medical, aerospace and defense, as well as in electronics and industrial markets. The company was founded in 1962 and is headquartered in Amherst, NY.
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