What Happened?
Shares of precision motion systems specialist Allient (NASDAQ:ALNT) fell 11.2% in the morning session after the company disclosed that the U.S. Army cancelled the M10 Booker Tank program. The update came within its third-quarter report, where the company also noted a book-to-bill ratio of 0.96. A ratio below one indicates that the company received fewer orders than it filled during the period, which can point to slowing demand. Despite reporting double-digit revenue growth and a record gross margin, investors appeared to focus on the loss of the significant defense contract and what it could mean for future business in its Aerospace & Defense division.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Allient? Access our full analysis report here.
What Is The Market Telling Us
Allient’s shares are very volatile and have had 21 moves greater than 5% over the last year. But moves this big are rare even for Allient and indicate this news significantly impacted the market’s perception of the business.
The previous big move we wrote about was 8 days ago when the stock gained 6% on the news that the company announced the launch of the Pyxmos™ Servo Drive, engineered for manufacturers seeking flexibility and high performance in their motion systems. The new product, developed by Allient Rochester, was designed with a compact size and advanced architecture. It aimed to provide machine builders with high-speed motion control and seamless integration capabilities. The Pyxmos™ Servo Drive is part of the company's broader Allient Intelligent Controls Platform. The introduction of this specialized component suggested a move to empower innovation for its original equipment manufacturer (OEM) customers.
Allient is up 104% since the beginning of the year, but at $50.02 per share, it is still trading 11.8% below its 52-week high of $56.69 from October 2025. Investors who bought $1,000 worth of Allient’s shares 5 years ago would now be looking at an investment worth $1,873.
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