Shares of Allied Motion AMOT moved higher after the company reported Q1 results.
Earnings per share fell 27.27% year over year to $0.32, which beat the estimate of $0.29.
Revenue of $101,677,000 rose by 10.06% year over year, which beat the estimate of $93,420,000.
Earnings guidance hasn't been issued by the company for now.
Allied Motion hasn't issued any revenue guidance for the time being.
52-week high: $55.72
52-week low: $26.45
Price action over last quarter: Up 0.35%
Allied Motion Technologies Inc designs, manufactures and sells precision and specialty motion control components and systems. The firm primarily caters to the vehicle, medical, aerospace and defense and electronics and industrial, pumps and robotics sectors. It mainly operates and sells across the United States, Canada, South America, Europe and Asia. Its products are brushless servo and torque motors, coreless dc motors, integrated brushless motor drives, gear motors, gearing, modular digital servo drives and motion controllers. The company has promoted and developed brands such as Agile systems, Computer optical products, Emoteq, Globe motors, Heldrive, Motor products etc.
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