Allient (ALNT) to Release Earnings on Wednesday

Allient (NASDAQ:ALNT) is anticipated to release its earnings data after the market closes on Wednesday, March 5th. Analysts expect Allient to post earnings of $0.28 per share and revenue of $119.72 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Allient Trading Down 4.1 %

Allient stock opened at $23.85 on Tuesday. The stock has a 50-day moving average of $25.31 and a two-hundred day moving average of $22.74. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. Allient has a one year low of $16.91 and a one year high of $36.33. The stock has a market cap of $401.75 million, a PE ratio of 27.10 and a beta of 1.61.

Analyst Ratings Changes

A number of research firms have commented on ALNT. Northland Securities upgraded Allient from a “market perform” rating to an “outperform” rating and increased their price target for the company from $30.00 to $35.00 in a research note on Tuesday, February 11th. Northland Capmk upgraded Allient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

Allient Company Profile

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.