Northland Securities Upgrades inTEST (NYSE:INTT) to “Outperform”

Northland Securities upgraded shares of inTEST (NYSE:INTT) from a market perform rating to an outperform rating in a report published on Thursday, Marketbeat Ratings reports. They currently have $13.00 price target on the stock.

inTEST Price Performance

inTEST stock opened at $8.88 on Thursday. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $7.79 and a 200-day simple moving average of $8.08. The stock has a market cap of $109.89 million, a P/E ratio of 38.61 and a beta of 1.89. inTEST has a 12-month low of $6.28 and a 12-month high of $14.35.

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

Hedge Funds Weigh In On inTEST

Several hedge funds have recently made changes to their positions in INTT. Pacific Ridge Capital Partners LLC raised its position in inTEST by 23.1% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 460,914 shares of the company’s stock valued at $4,554,000 after purchasing an additional 86,632 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of inTEST during the third quarter worth about $120,000. Royce & Associates LP grew its holdings in shares of inTEST by 9.9% during the third quarter. Royce & Associates LP now owns 1,219,157 shares of the company’s stock worth $8,900,000 after buying an additional 110,078 shares during the last quarter. American Century Companies Inc. acquired a new position in inTEST in the 2nd quarter valued at about $145,000. Finally, Los Angeles Capital Management LLC purchased a new stake in inTEST during the 2nd quarter valued at approximately $1,218,000. Hedge funds and other institutional investors own 63.18% of the company’s stock.

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.