inTEST (NYSE:INTT - Get Free Report) had its price objective hoisted by investment analysts at Northland Securities from $10.00 to $13.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Northland Securities' target price points to a potential upside of 81.06% from the stock's previous close.
Separately, Northland Capmk lowered inTEST from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $14.50.
Get Our Latest Research Report on inTEST
inTEST Trading Down 4.0 %
inTEST stock traded down $0.30 during mid-day trading on Monday, hitting $7.18. The company's stock had a trading volume of 20,733 shares, compared to its average volume of 98,408. The firm has a market capitalization of $89.86 million, a PE ratio of 31.65 and a beta of 1.92. inTEST has a 1 year low of $6.28 and a 1 year high of $14.35. The company has a current ratio of 2.24, a quick ratio of 1.46 and a debt-to-equity ratio of 0.09. The stock's fifty day moving average is $7.01 and its two-hundred day moving average is $8.81.
inTEST (NYSE:INTT - Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.07). inTEST had a return on equity of 7.64% and a net margin of 4.27%. The firm had revenue of $33.99 million for the quarter, compared to analysts' expectations of $34.80 million. On average, analysts anticipate that inTEST will post 0.35 EPS for the current year.
Insider Activity at inTEST
In related news, CEO Richard N. Jr. Grant sold 6,788 shares of inTEST stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $6.97, for a total value of $47,312.36. Following the completion of the transaction, the chief executive officer now directly owns 164,929 shares in the company, valued at approximately $1,149,555.13. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.50% of the stock is currently owned by company insiders.
Institutional Trading of inTEST
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of inTEST by 1.7% during the first quarter. Vanguard Group Inc. now owns 816,735 shares of the company's stock worth $10,822,000 after purchasing an additional 13,722 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of 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 in the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of inTEST by 23.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 460,914 shares of the company's stock worth $4,554,000 after purchasing an additional 86,632 shares in the last quarter. CM Management LLC increased its position in shares of inTEST by 37.3% during the second quarter. CM Management LLC now owns 309,000 shares of the company's stock worth $3,053,000 after purchasing an additional 84,000 shares in the last quarter. Finally, Juniper Investment Company LLC increased its position in shares of inTEST by 72.9% during the first quarter. Juniper Investment Company LLC now owns 201,966 shares of the company's stock worth $2,676,000 after purchasing an additional 85,129 shares in the last quarter. 63.18% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also
Before you consider inTEST, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and inTEST wasn't on the list.
While inTEST currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
