One stock that has been making noise on the NASDAQ is Allied Motion Technologies Inc. The Colorado-based company is a designer, manufacturer and seller of motor, servo-motion and optical encoder products.
Allied is organized into five subsidiaries and has a worldwide customer base. Allied products are manufactured at its operating facilities in the U.S. (located in California, Michigan, New York and Oklahoma). The company also has a global aspect, with facilities in China and Eastern Europe. Allied sells their products primarily to commercial motor, industrial motion control, and aerospace and defense markets.
Allied is run by Director Delwin D. Hock. Hock has served as the company’s director since February of 1997, and was named Chairman of the Board of Directors in May of 2005. Prior to directing Allied, Hock served as the CEO of Public Service Company in Colorado and had worked his way up in that company via a number of managerial positions beginning in 1962. Hock brings a wealth of experience and knowledge to the company,
What has most investors talking about Allied is the company’s consistent revenue earnings and growth. Allied has a strong balance sheet and has recently been increasing margins. Compared to the industry, Allied has very attractive valuation and the stock may build support just below the $5.00 area.
Let us hear your thoughts below: