inTEST (NYSE:INTT) Stock Rating Upgraded by Northland Capmk

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

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

inTEST Stock Up 3.4 %

INTT stock opened at $8.88 on Thursday. The firm has a market capitalization of $109.89 million, a PE ratio of 38.61 and a beta of 1.89. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.08. inTEST has a twelve month low of $6.28 and a twelve month high of $14.35. The stock’s 50 day moving average is $7.79 and its 200-day moving average is $8.08.

inTEST (NYSE:INTT) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.10 earnings per share for the quarter, beating 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 business had revenue of $30.27 million for the quarter, compared to analysts’ expectations of $32.97 million. Sell-side analysts expect that inTEST will post 0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On inTEST

Several large investors have recently made changes to their positions in the business. Ground Swell Capital LLC bought a new position in shares of inTEST during the 2nd quarter valued at approximately $112,000. Redwood Wealth Management Group LLC bought a new position in inTEST during the second quarter valued at $132,000. American Century Companies Inc. bought a new position in inTEST during the second quarter valued at $145,000. XTX Topco Ltd bought a new position in inTEST during the third quarter valued at $120,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of inTEST by 118.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 30,905 shares of the company’s stock valued at $305,000 after buying an additional 16,752 shares during the period. 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.