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Why Allient (ALNT) Shares Are Falling Today

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 gros ...