inTEST (NYSE:INTT) Upgraded to “Strong-Buy” at Northland Capmk

Northland Capmk upgraded shares of inTEST (NYSE:INTT) from a hold rating to a strong-buy rating in a report published on Thursday,Zacks.com reports.

Separately, Northland Securities upgraded inTEST from a “market perform” rating to an “outperform” rating and set a $13.00 price objective for the company in a report on Thursday.

inTEST Stock Performance

Shares of INTT opened at $8.88 on Thursday. inTEST has a twelve month low of $6.28 and a twelve month high of $14.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.38 and a current ratio of 2.26. The firm’s 50 day moving average price is $7.79 and its two-hundred day moving average price is $8.08. The firm has a market cap of $109.89 million, a P/E ratio of 38.61 and a beta of 1.89.

inTEST (NYSE:INTT) last issued its quarterly 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 firm had revenue of $30.27 million for the quarter, compared to analyst estimates of $32.97 million. inTEST had a net margin of 2.33% and a return on equity of 5.31%. On average, analysts forecast that inTEST will post 0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Ground Swell Capital LLC bought a new position in inTEST during the second quarter worth $112,000. XTX Topco Ltd acquired a new stake in inTEST during the 3rd quarter worth about $120,000. Redwood Wealth Management Group LLC bought a new position in shares of inTEST in the 2nd quarter worth about $132,000. American Century Companies Inc. acquired a new position in shares of inTEST in the 2nd quarter valued at about $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 purchasing an additional 11,102 shares in the last quarter. 63.18% of the stock is owned by institutional investors.

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.