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

inTEST (NYSE:INTT) had its price objective lifted by Northland Securities from $13.00 to $16.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ target price points to a potential upside of 76.41% from the company’s current price.

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

inTEST Stock Down 4.5 %

Shares of NYSE INTT opened at $9.07 on Wednesday. inTEST has a 52-week low of $6.28 and a 52-week high of $14.35. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.08. The company’s 50-day simple moving average is $7.91 and its 200-day simple moving average is $8.05. The firm has a market cap of $112.24 million, a price-to-earnings ratio of 39.44 and a beta of 1.85.

inTEST (NYSE:INTT) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. inTEST had a return on equity of 5.31% and a net margin of 2.33%. The company had revenue of $30.27 million for the quarter, compared to analysts’ expectations of $32.97 million. Equities analysts predict that inTEST will post 0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Ground Swell Capital LLC acquired a new stake in shares of inTEST in the second quarter valued at approximately $112,000. XTX Topco Ltd purchased a new stake in inTEST in the 3rd quarter valued at $120,000. Redwood Wealth Management Group LLC acquired a new stake in shares of inTEST in the 2nd quarter worth $132,000. American Century Companies Inc. purchased a new position in shares of inTEST during the 2nd quarter worth $145,000. Finally, JPMorgan Chase & Co. boosted its position in shares of inTEST by 42.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,481 shares of the company’s stock valued at $274,000 after acquiring an additional 11,102 shares during the last quarter. 63.18% of the stock is owned by hedge funds and other institutional investors.

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.