By Rob Otman
Allied Motion Technologies stock had a rough day in the market on Wednesday March 14. Shares dropped -2.15% and closed the day at $31.93. They’re now trading 11.8% below their 52-week high of $36.2.
With yesterday’s drop, Allied Motion Technologies now has a market cap of $302 million. That makes it a small cap company.
The business operates in the electronics industry and employs 1,220 people. Its shares trade primarily on the NASDAQ GM stock exchange.
Allied Motion Technologies has 9.43 million shares outstanding and 39,755 traded hands for the day. That’s above the average 30-day volume of 34,720 shares.
Over the last five years, Allied Motion Technologies’s revenue is up by 147.15%. You can see this growth in annual revenue chart below…
In the last year alone, Allied Motion Technologies’s revenue has grown by 2.49%. That’s a solid sign for Allied Motion Technologies stock owners.
We like to invest in companies that grow their sales. A growing top line is a sign of a healthy business.
For now, Allied Motion Technologies will continue to pull in revenue. So let’s take a closer look at the company’s total financial health. And the best way to do that is by looking at its balance sheet… Allied Motion Technologies’s cash comes in at $16 million and the company’s debt is $71 million…
Allied Motion Technologies’s cash pile is smaller than its total debt. This is common for many companies. They can issue debt at a lower cost to take on new projects.
What is Allied Motion Technologies Stock Worth?
Let’s look at a few key ratios to determine the value of Allied Motion Technologies stock…
Price-to-Earnings (P/E): This is one of the most widely used metrics and it comes in at 36.08. That’s a bit high and generally, the lower the better. Investors will bid up stock prices and in turn, P/E ratios, when they expect future earnings to grow.
Price-to-Book (P/B): This ratio is a cornerstone for value investors. A lower number here indicates a better value play. And at 3.48, Allied Motion Technologies looks reasonable… but P/B varies greatly based on the industry.
These two metrics are a great place to start when valuing a company… but your analysis should go much deeper…
If you’re interested in finding Strong Buy stocks yourself, check out 3 Powerful Technical Indicators for Smarter Investing. We’ll show you how to eliminate emotional bias from your trading process with three powerful technical tools you can start using to boost your trading profits immediately. Click here to learn more. …read more
Source:: Investment You
The post Investor Insight: Allied Motion Technologies Stock appeared first on Junior Mining Analyst.