inTest (INTT) Sees Large Volume Increase

inTest Co. (NYSEAMERICAN:INTT) saw unusually-strong trading volume on Friday . Approximately 770,203 shares traded hands during mid-day trading, an increase of 789% from the previous session’s volume of 86,597 shares.The stock last traded at $7.35 and had previously closed at $6.30.

Several equities analysts recently weighed in on INTT shares. Sidoti started coverage on inTest in a research note on Monday, January 22nd. They issued a $11.00 price objective for the company. Zacks Investment Research raised inTest from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Wednesday, January 10th. Finally, TheStreet downgraded inTest from a “b+” rating to a “c+” rating in a research report on Tuesday, March 13th.

inTest (NYSEAMERICAN:INTT) last posted its quarterly earnings data on Thursday, March 8th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.16. inTest had a return on equity of 18.96% and a net margin of 11.63%. The business had revenue of $19.38 million for the quarter.



Institutional investors have recently modified their holdings of the stock. Spark Investment Management LLC lifted its stake in shares of inTest by 49.0% during the fourth quarter. Spark Investment Management LLC now owns 65,700 shares of the semiconductor company’s stock worth $568,000 after purchasing an additional 21,600 shares in the last quarter. Navellier & Associates Inc acquired a new position in shares of inTest during the fourth quarter worth about $214,000. Dimensional Fund Advisors LP lifted its stake in shares of inTest by 30.7% during the third quarter. Dimensional Fund Advisors LP now owns 389,425 shares of the semiconductor company’s stock worth $3,232,000 after purchasing an additional 91,445 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of inTest during the fourth quarter worth about $374,000. Finally, Algert Global LLC lifted its stake in shares of inTest by 28.9% during the fourth quarter. Algert Global LLC now owns 236,549 shares of the semiconductor company’s stock worth $2,046,000 after purchasing an additional 52,986 shares in the last quarter.

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About inTest

inTEST Corporation designs, manufactures, and markets thermal, mechanical, and electrical products for use in the testing of integrated circuits (ICs) worldwide. The company operates through two segments, inTEST Thermal Solutions and inTEST Electromechanical Semiconductor Products. The inTEST Thermal Solutions segment offers ThermoStream temperature management tools, MobileTemp systems, ThermoChambers, Thermal Platforms, ThermoChuck precision vacuum platform assemblies, and Thermonics temperature conditioning products.

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