inTEST (NYSE:INTT) Stock Price Expected to Rise, Northland Securities Analyst Says

inTEST (NYSE:INTT) had its target price hoisted by Northland Securities from $10.00 to $13.00 in a research note issued to investors on Monday morning, Benzinga reports. Northland Securities currently has a market perform rating on the stock.

Separately, Northland Capmk downgraded inTEST from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th.

inTEST Price Performance

Shares of INTT stock opened at $7.85 on Monday. The stock has a 50 day moving average of $7.03 and a two-hundred day moving average of $8.75. The company has a current ratio of 2.24, a quick ratio of 1.46 and a debt-to-equity ratio of 0.09. inTEST has a 12 month low of $6.28 and a 12 month high of $14.35. The company has a market capitalization of $98.28 million, a P/E ratio of 34.13 and a beta of 1.92.

inTEST (NYSE:INTT) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. inTEST had a return on equity of 5.33% and a net margin of 2.33%. The company had revenue of $30.27 million during the quarter, compared to the consensus estimate of $32.97 million. As a group, equities analysts expect that inTEST will post 0.35 EPS for the current year.

Insider Buying and Selling

In related news, CEO Richard N. Jr. Grant sold 6,788 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $6.97, for a total transaction of $47,312.36. Following the completion of the transaction, the chief executive officer now owns 164,929 shares in the company, valued at $1,149,555.13. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On inTEST

A number of hedge funds and other institutional investors have recently bought and sold shares of INTT. Allspring Global Investments Holdings LLC increased its holdings in inTEST by 21.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,153 shares of the company’s stock valued at $188,000 after purchasing an additional 2,476 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of inTEST by 6.9% in the 1st quarter. First Eagle Investment Management LLC now owns 478,264 shares of the company’s stock valued at $6,337,000 after buying an additional 31,067 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in shares of inTEST by 5.1% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 374,282 shares of the company’s stock valued at $4,959,000 after buying an additional 18,240 shares during the period. Vanguard Group Inc. increased its stake in shares of inTEST by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 816,735 shares of the company’s stock valued at $10,822,000 after buying an additional 13,722 shares during the period. Finally, CM Management LLC increased its stake in shares of inTEST by 87.5% in the 1st quarter. CM Management LLC now owns 225,000 shares of the company’s stock valued at $2,981,000 after buying an additional 105,000 shares during the period. 63.18% of the stock is owned by institutional investors and hedge funds.

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.