Allied Motion earnings selloff an overreaction, says Roth MKM

Roth MKM analyst Gerry Sweeney says Allied Motion Technologies reported a solid quarter but investors “likely nitpicked on certain items” including gross margins and leverage. The firm views the post-earnings selloff as a buying opportunity, saying gross margins were impacted by mix and it expects continued cash flow and deleveraging through 2023. Roth keeps a Buy rating on the shares with a $45 price target.