inTEST (NYSE:INTT) Downgraded to Market Perform at Northland Securities

Northland Securities downgraded shares of inTEST (NYSE:INTT) from an outperform rating to a market perform rating in a report published on Monday morning, MarketBeat reports. They currently have $10.00 price objective on the stock, down from their prior price objective of $15.00.

Separately, Lake Street Capital cut their target price on shares of inTEST from $19.00 to $16.00 and set a buy rating on the stock in a research note on Tuesday, May 7th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $13.00.

inTEST Trading Down 1.5 %

inTEST stock traded down $0.11 during trading on Monday, hitting $7.30. The company had a trading volume of 114,330 shares, compared to its average volume of 115,667. The company has a current ratio of 2.15, a quick ratio of 1.36 and a debt-to-equity ratio of 0.11. The company’s 50 day simple moving average is $10.05 and its 200-day simple moving average is $10.98. inTEST has a 1-year low of $7.12 and a 1-year high of $18.88. The stock has a market cap of $91.18 million, a price-to-earnings ratio of 11.23 and a beta of 1.96.

inTEST (NYSE:INTT) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.07). inTEST had a net margin of 6.41% and a return on equity of 10.16%. The firm had revenue of $33.99 million during the quarter, compared to analysts’ expectations of $34.80 million. As a group, analysts expect that inTEST will post 0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in shares of inTEST by 76.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,640 shares of the company’s stock worth $50,000 after purchasing an additional 1,574 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in inTEST by 24.9% during the 4th quarter. D.A. Davidson & CO. now owns 13,800 shares of the company’s stock worth $188,000 after buying an additional 2,750 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of inTEST by 21.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,153 shares of the company’s stock worth $188,000 after acquiring an additional 2,476 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of inTEST by 141.8% in the 4th quarter. BNP Paribas Financial Markets now owns 23,703 shares of the company’s stock valued at $322,000 after acquiring an additional 13,900 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of inTEST during the 2nd quarter worth about $1,218,000. Institutional investors and hedge funds own 63.18% of the company’s stock.

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.