inTEST (NYSE:INTT) Price Target Raised to $13.00 at Northland Securities

inTEST (NYSE:INTT) had its price objective hoisted by Northland Securities from $10.00 to $13.00 in a report published on Monday morning, Benzinga reports. They currently have a market perform rating on the stock.

Separately, Northland Capmk cut inTEST from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.50.

inTEST Stock Performance

Shares of NYSE:INTT remained flat at $7.18 on Monday. The stock had a trading volume of 4,714 shares, compared to its average volume of 97,967. The firm has a market capitalization of $89.89 million, a price-to-earnings ratio of 31.22 and a beta of 1.92. The company has a quick ratio of 1.46, a current ratio of 2.24 and a debt-to-equity ratio of 0.09. inTEST has a twelve month low of $6.28 and a twelve month high of $14.35. The business has a 50-day moving average of $7.01 and a 200 day moving average of $8.79.

inTEST (NYSE:INTT) last posted its earnings results on Friday, November 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. The company had revenue of $30.27 million for the quarter, compared to analyst estimates of $32.97 million. inTEST had a return on equity of 5.33% and a net margin of 2.33%. As a group, equities research analysts predict that inTEST will post 0.35 earnings per share for the current year.

Insider Buying and Selling at inTEST

In other news, CEO Richard N. Jr. Grant sold 6,788 shares of the company’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 directly owns 164,929 shares of the company’s stock, valued at $1,149,555.13. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 5.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On inTEST

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ground Swell Capital LLC purchased a new position in shares of inTEST during the 2nd quarter worth $112,000. Redwood Wealth Management Group LLC acquired a new stake in inTEST in the 2nd quarter valued at approximately $132,000. American Century Companies Inc. acquired a new position in inTEST during the second quarter worth $145,000. Allspring Global Investments Holdings LLC grew its stake in shares of inTEST by 21.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 14,153 shares of the company’s stock valued at $188,000 after buying an additional 2,476 shares in the last quarter. Finally, Federated Hermes Inc. acquired a new position in inTEST in the 2nd quarter valued at about $436,000. 63.18% of the stock is currently owned by institutional investors and hedge funds.

inTEST Company Profile

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.