Allied Motion Technologies Inc (NASDAQ: AMOT) stock suffered a major decline of -14.2% on 8/8/24. The shares closed at $20.46. Moreover, exceptionally high trading volume at 333% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -29.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, AMOT is expected to continue to be a Value Builder.
Allied Motion Technologies has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Allied Motion Technologies has a neutral Appreciation Score of 58 and a slightly negative Power Rating of 30, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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