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Allient Inc. - $amot STOCK NEWS

Welcome to our dedicated page for Allient news (Ticker: $amot), a resource for investors and traders seeking the latest updates and insights on Allient stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Allient's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Allient's position in the market.

Rhea-AI Summary
Allied Motion Technologies Inc. (Nasdaq: AMOT) has announced a corporate name change to Allient Inc., effective August 23, 2023. The new ticker symbol will be ALNT. The company aims to transform from a products-based business in motion control to a solutions-oriented company that addresses customers' requirements for Motion, Controls, and Power technology. The name change reflects the company's evolution and expansion into broader markets within the Controls and Power industries.
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End-of-Day
0.37%
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-16.59%
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Rhea-AI Summary
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-16.59%
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dividends
Rhea-AI Summary
Allied Motion Technologies Inc. (Nasdaq: AMOT) will release its second quarter 2023 results on August 2, 2023. The company will host a conference call and webcast on August 3, 2023, to review the financial and operating results for the period. A telephonic replay and webcast replay will be available.
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Rhea-AI Sentiment
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1.83%
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Rhea-AI Summary
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-0.1%
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Rhea-AI Summary
Allied Motion Technologies Inc. (Nasdaq: AMOT) reported a record revenue of $145.5 million in Q1 2023, a 27% increase compared to the prior-year period. Gross margin expanded 230 basis points to 31.5%, while operating income grew 167% to $11.4 million. Net income more than doubled to $6.3 million, and adjusted net income per share was $0.55, up 53% for the quarter.
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End-of-Day
-3.35%
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Rhea-AI Summary
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-3.35%
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-0.42%
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-4.75%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
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-4.75%
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dividends
Allient Inc.

Nasdaq:AMOT

AMOT Rankings

AMOT Stock Data

550.91M
13.50M
16.55%
63%
0.38%