inTEST Co. (NYSE:INTT) CEO Richard N. Jr. Grant Sells 2,688 Shares

inTEST Co. (NYSE:INTT - Get Free Report) CEO Richard N. Jr. Grant sold 2,688 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $7.48, for a total value of $20,106.24. Following the transaction, the chief executive officer now owns 162,241 shares in the company, valued at $1,213,562.68. This represents a 1.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

inTEST Stock Performance

Shares of NYSE:INTT traded down $0.12 during trading on Friday, reaching $7.75. The company had a trading volume of 34,984 shares, compared to its average volume of 41,094. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.26 and a quick ratio of 1.38. The stock's fifty day moving average price is $8.47 and its 200 day moving average price is $7.80. inTEST Co. has a fifty-two week low of $6.28 and a fifty-two week high of $14.35. The firm has a market capitalization of $95.91 million, a price-to-earnings ratio of 33.70 and a beta of 1.90.

inTEST (NYSE:INTT - Get Free Report) last announced its quarterly earnings data on Friday, March 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.09. inTEST had a net margin of 2.33% and a return on equity of 5.31%. During the same period in the previous year, the company posted $0.16 EPS. As a group, equities research analysts predict that inTEST Co. will post 0.41 EPS for the current year.

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Institutional Investors Weigh In On inTEST

A number of institutional investors have recently added to or reduced their stakes in INTT. XTX Topco Ltd purchased a new position in shares of inTEST during the 3rd quarter worth approximately $120,000. Jane Street Group LLC raised its position in inTEST by 9.0% in the fourth quarter. Jane Street Group LLC now owns 31,644 shares of the company's stock worth $272,000 after acquiring an additional 2,602 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in inTEST by 42.1% in the third quarter. JPMorgan Chase & Co. now owns 37,481 shares of the company's stock valued at $274,000 after acquiring an additional 11,102 shares during the period. Northern Trust Corp boosted its position in shares of inTEST by 8.2% during the 4th quarter. Northern Trust Corp now owns 40,328 shares of the company's stock worth $346,000 after purchasing an additional 3,048 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of inTEST by 208.9% during the 4th quarter. Russell Investments Group Ltd. now owns 43,543 shares of the company's stock worth $374,000 after purchasing an additional 29,445 shares in the last quarter. Hedge funds and other institutional investors own 63.18% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on INTT shares. Northland Securities upped their price target on shares of inTEST from $13.00 to $16.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. Northland Capmk raised shares of inTEST from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 2nd.

About inTEST

inTEST Corporation provides test and process technology solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through three segments: Electronic Test, Environmental Technologies, and Process Technologies.