AIMC Stock Summary and Trading Ideas (Altra Industrial Motion Corp. | NASDAQ:AIMC)

Altra Industrial Motion Corp is a United States-based company that designs, manufactures, and sells a wide range of electromechanical power transmission motion control. The company operates through two business segments based on product types and end markets served: the power transmission technologies segment and the automation and specialty segment. The company's product portfolio consists of products such as clutches, brakes, gears, and motion controllers and braking systems, which are used in heavy industrial applications, energy markets, medical, packaging, automation, robotic, and other industries. The company earns majority of its revenue in North America ( primarily the United States).

Altra Industrial Motion Corp. trades on the NASDAQ stock market under the symbol AIMC.

As of March 27, 2023, AIMC stock price was flat at $61.98 with million shares trading.

AIMC has a beta of 1.29, meaning it tends to be more sensitive to market movements. AIMC has a correlation of 0.25 to the broad based SPY ETF.

AIMC has a market cap of $4.05 billion. This is considered a Mid Cap stock.

Last quarter Altra Industrial Motion Corp. reported $469 million in Revenue and $.73 earnings per share. This beat revenue expectation by $6 million and missed earnings estimates by -$.03.

In the last 3 years, AIMC stock traded as high as $68.07 and as low as $15.15.

The top ETF exchange traded funds that AIMC belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.

AIMC has outperformed the market in the last year with a return of +56.4%, while the SPY ETF lost -10.7%. In the last 3 month period, AIMC beat the market returning +4.1%, while SPY returned +3.8%. However, in the most recent 2 weeks AIMC has underperformed the stock market by returning +0.8%, while SPY returned +3.0%.

AIMC support price is $61.67 and resistance is $62.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AIMC stock will trade within this expected range on the day.