Allient (NASDAQ:ALNT - Get Free Report) was upgraded by equities researchers at Northland Capmk from a "hold" rating to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.
Separately, Northland Securities upgraded Allient from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $30.00 to $35.00 in a research report on Tuesday.
Check Out Our Latest Report on ALNT
Allient Trading Down 0.5 %
NASDAQ:ALNT traded down $0.14 on Tuesday, hitting $26.55. 97,658 shares of the stock were exchanged, compared to its average volume of 82,083. The stock has a market capitalization of $447.10 million, a price-to-earnings ratio of 30.17 and a beta of 1.61. Allient has a 52 week low of $16.91 and a 52 week high of $36.33. The company's 50-day moving average price is $25.18 and its 200 day moving average price is $22.60. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10.
Hedge Funds Weigh In On Allient
Institutional investors and hedge funds have recently modified their holdings of the business. New York State Teachers Retirement System acquired a new position in shares of Allient in the 4th quarter valued at approximately $32,000. Hurley Capital LLC acquired a new position in shares of Allient in the 4th quarter valued at approximately $38,000. Point72 DIFC Ltd acquired a new position in shares of Allient in the 3rd quarter valued at approximately $33,000. Copeland Capital Management LLC acquired a new position in shares of Allient in the 3rd quarter valued at approximately $50,000. Finally, Pathway Financial Advisers LLC grew its position in shares of Allient by 1,798.7% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company's stock valued at $56,000 after purchasing an additional 2,770 shares during the period. 61.57% of the stock is currently owned by institutional investors and hedge funds.
Allient Company Profile
(
Get Free Report)
Allient Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems for various industries in the United States, Canada, South America, Europe, and Asia-Pacific. It offers brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, gearing, modular digital servo drives, motion controllers, optical encoders, active and passive filters, input/output modules, industrial communications gateways, light-weighting technologies, and other controlled motion-related products, as well as nano precision positioning systems, servo control systems, and digital servo amplifiers and drives.
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