Allied Motion Technologies Inc (NASDAQ: AMOT) stock enjoyed a major increase of 20.6% on 3/6/24. The shares closed at $36.18. Moreover, trading volume in this advance was exceptionally high at 617% of normal. The stock has risen 25.8% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
AMOT is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Allied Motion Technologies has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Allied Motion Technologies has a neutral Appreciation Score of 56 but a very low Power Rating of 11, leading to the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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