Northland Capmk Upgrades inTEST (NYSE:INTT) to "Strong-Buy"

Northland Capmk upgraded shares of inTEST (NYSE:INTT - Free Report) from a hold rating to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

Separately, Northland Securities upgraded shares of inTEST from a "market perform" rating to an "outperform" rating and set a $13.00 price target for the company in a report on Thursday.

inTEST Stock Up 5.9 %

Shares of INTT traded up $0.52 during trading hours on Thursday, hitting $9.40. 61,899 shares of the company were exchanged, compared to its average volume of 51,499. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.38 and a current ratio of 2.26. The company has a market cap of $116.33 million, a PE ratio of 40.87 and a beta of 1.89. The firm's 50 day moving average is $7.83 and its 200-day moving average is $8.08. inTEST has a 52 week low of $6.28 and a 52 week high of $14.35.

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. inTEST had a return on equity of 5.31% and a net margin of 2.33%. The company had revenue of $30.27 million for the quarter, compared to the consensus estimate of $32.97 million. On average, equities research analysts forecast that inTEST will post 0.41 EPS for the current fiscal year.

Hedge Funds Weigh In On inTEST

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royce & Associates LP lifted 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 acquiring an additional 110,078 shares during the period. First Eagle Investment Management LLC lifted its stake in inTEST by 18.0% during the second quarter. First Eagle Investment Management LLC now owns 564,364 shares of the company's stock worth $5,576,000 after purchasing an additional 86,100 shares during the period. Pacific Ridge Capital Partners LLC boosted its holdings in inTEST by 23.1% during 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 in the last quarter. Bard Associates Inc. grew its stake in shares of inTEST by 2.1% in the 3rd 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 period. Finally, Geode Capital Management LLC raised its holdings in shares of inTEST by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 131,106 shares of the company's stock worth $957,000 after buying an additional 8,161 shares in the last quarter. 63.18% of the stock is currently owned by institutional investors.

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.