2 weeks Ago By Defense World Staff
Allient Inc. ( NASDAQ:ALNT – Get Free Report ) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 177,500 shares, a decrease of 5.
9% from the August 31st total of 188,600 shares. Currently, 1.3% of the company’s shares are sold short.
Based on an average daily trading volume, of 125,500 shares, the days-to-cover ratio is presently 1.4 days. Allient Stock Up 0.
9 % ALNT stock opened at $19.30 on Monday. The company’s 50 day moving average price is $22.
11 and its 200 day moving average price is $26.49. The company has a debt-to-equity ratio of 0.
89, a quick ratio of 2.00 and a current ratio of 3.90.
Allient has a fifty-two week low of $18.17 and a fifty-two week high of $36.33.
The firm has a market capitalization of $323.78 million, a price-to-earnings ratio of 12.78 and a beta of 1.
51. Allient ( NASDAQ:ALNT – Get Free Report ) last released its earnings results on Wednesday, August 7th. The company reported $0.
29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11).
Allient had a return on equity of 13.04% and a net margin of 3.35%.
The firm had revenue of $136.03 million for the quarter, compared to analysts’ expectations of $137.55 million.
During the same quarter in the previous year, the company posted $0.58 earnings per share. On average, equities research analysts anticipate that Allient will post 1.
29 EPS for the current fiscal year. Allient Dividend Announcement Hedge Funds Weigh In On Allient Several hedge funds have recently added to or reduced their stakes in ALNT. Fisher Asset Management LLC purchased a new position in Allient in the fourth quarter valued at approximately $1,003,000.
Confluence Investment Management LLC purchased a new position in Allient in the first quarter valued at approximately $3,346,000. Allspring Global Investments Holdings LLC purchased a new position in Allient in the first quarter valued at approximately $57,000. Wasatch Advisors LP purchased a new position in Allient in the first quarter valued at approximately $20,914,000.
Finally, Mesirow Financial Investment Management Inc. purchased a new position in shares of Allient during the first quarter worth approximately $288,000. 61.
57% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In ALNT has been the topic of a number of recent analyst reports. Northland Securities decreased their target price on shares of Allient from $35.
00 to $30.00 and set a “market perform” rating on the stock in a research report on Friday, August 9th. Craig Hallum reduced their price target on shares of Allient from $41.
00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Roth Mkm reduced their price target on shares of Allient from $39.
00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Read Our Latest Analysis on ALNT About Allient ( 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. See Also Five stocks we like better than Allient Following Congress Stock Trades Top 5 ETFs to Own Now and Into 2025 Why Understanding Call Option Volume is Essential to Successful Options Trading Watch These 3 Former Short-Squeeze Stocks for a Big Rally Upcoming IPO Stock Lockup Period, Explained Simon Property REIT: A Safe Bet for Growth and Steady Dividends Receive News & Ratings for Allient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allient and related companies with MarketBeat.com's FREE daily email newsletter .
.
