Allied Motion Technologies (NASDAQ: AMOT) was featured in a recent Equity Research Report published by ROTH Capital Partners, LLC. The report reads, “We initiate AMOT with a Buy rating and $57 price target. Our investment thesis is driven by expected organic growth of 7-8% due to previously announced auto contracts and double digit growth in A&D and Medical segments. Revenue growth should lead to operating leverage as SG&A costs moderate allowing for increased FCF and debt reduction. Acquisitions and AMOT’s One Allied program remains an important lever for expansion by acquiring technology and customers and integrating them into its global sales platform.”
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About Allied Motion Technologies Inc.
Allied Motion (NASDAQ: AMOT) designs, manufactures and sells precision and specialty-controlled motion products and solutions used in a broad range of industries within its major served markets, which include vehicle, medical, aerospace & defense, and industrial. The company is headquartered in Amherst, NY, has global operations and sells into markets across the United States, Canada, South America, Europe and Asia. Allied Motion is focused on controlled motion applications and is known worldwide for its expertise in electro-magnetic, mechanical and electronic motion technology. Its products include brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gear motors, gearing, modular digital servo drives, motion controllers, incremental and absolute optical encoders, active (electronic) and passive (magnetic) filters for power quality and harmonic issues, and other controlled motion-related products. The company’s growth strategy is focused on being the controlled motion solutions leader in its selected target markets by leveraging its “technology/know how” to develop integrated precision solutions that utilize multiple Allied Motion technologies to “change the game” and create higher value solutions for its customers. For more information, visit the company’s website at www.AlliedMotion.com.
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