inTEST (NYSE:INTT - Get Free Report) was upgraded by equities research analysts at Northland Securities from a "market perform" rating to an "outperform" rating in a report issued on Thursday, Marketbeat Ratings reports. The firm presently has a $13.00 price target on the stock. Northland Securities' target price indicates a potential upside of 46.40% from the stock's previous close.
inTEST Stock Up 3.4 %
NYSE INTT traded up $0.29 on Thursday, reaching $8.88. The stock had a trading volume of 41,158 shares, compared to its average volume of 91,008. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08. inTEST has a 1 year low of $6.28 and a 1 year high of $14.35. The business has a 50 day moving average price of $7.79 and a 200 day moving average price of $8.08. The company has a market capitalization of $109.89 million, a price-to-earnings ratio of 38.61 and a beta of 1.89.
inTEST (NYSE:INTT - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $30.27 million during the quarter, compared to analysts' expectations of $32.97 million. inTEST had a return on equity of 5.31% and a net margin of 2.33%. On average, analysts forecast that inTEST will post 0.41 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in INTT. Royce & Associates LP boosted its holdings in shares of inTEST by 9.9% during the 3rd quarter. Royce & Associates LP now owns 1,219,157 shares of the company's stock worth $8,900,000 after buying an additional 110,078 shares during the period. First Eagle Investment Management LLC boosted its holdings in inTEST by 18.0% during the second quarter. First Eagle Investment Management LLC now owns 564,364 shares of the company's stock valued at $5,576,000 after acquiring an additional 86,100 shares during the period. Pacific Ridge Capital Partners LLC grew its position in shares of inTEST by 23.1% in the second quarter. Pacific Ridge Capital Partners LLC now owns 460,914 shares of the company's stock valued at $4,554,000 after purchasing an additional 86,632 shares during the last quarter. Bard Associates Inc. grew its position in shares of inTEST by 2.1% in the third quarter. Bard Associates Inc. now owns 199,170 shares of the company's stock valued at $1,454,000 after purchasing an additional 4,105 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of inTEST by 6.6% in the third quarter. Geode Capital Management LLC now owns 131,106 shares of the company's stock worth $957,000 after purchasing an additional 8,161 shares during the period. Institutional investors and hedge funds own 63.18% of the company's stock.
About inTEST
(
Get Free Report)
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.
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