inTEST (NYSE:INTT) Price Target Raised to $16.00 at Northland Securities

inTEST (NYSE:INTTGet Free Report) had its target price lifted by analysts at Northland Securities from $13.00 to $16.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Northland Securities’ price target would suggest a potential upside of 76.41% from the company’s previous close.

Separately, Northland Capmk upgraded inTEST from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 2nd.

View Our Latest Research Report on INTT

inTEST Price Performance

Shares of NYSE:INTT opened at $9.07 on Wednesday. inTEST has a twelve month low of $6.28 and a twelve month high of $14.35. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08. The company has a market cap of $112.24 million, a PE ratio of 39.44 and a beta of 1.85. The company’s 50 day moving average is $7.91 and its 200 day moving average is $8.05.

inTEST (NYSE:INTTGet Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. inTEST had a net margin of 2.33% and a return on equity of 5.31%. The firm had revenue of $30.27 million for the quarter, compared to analyst estimates of $32.97 million. On average, sell-side analysts forecast that inTEST will post 0.41 EPS for the current year.

Hedge Funds Weigh In On inTEST

Several large investors have recently made changes to their positions in the company. Royce & Associates LP increased its holdings in inTEST by 9.9% in the third quarter. Royce & Associates LP now owns 1,219,157 shares of the company’s stock valued at $8,900,000 after buying an additional 110,078 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of inTEST by 18.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 564,364 shares of the company’s stock valued at $5,576,000 after purchasing an additional 86,100 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its stake in shares of inTEST by 23.1% in the 2nd 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. raised its holdings in inTEST by 2.1% in the 3rd quarter. Bard Associates Inc. now owns 199,170 shares of the company’s stock worth $1,454,000 after purchasing an additional 4,105 shares during the period. Finally, Geode Capital Management LLC boosted its position in inTEST by 6.6% during 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 in the last quarter. 63.18% of the stock is currently owned by institutional investors and hedge funds.

inTEST Company Profile

(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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