inTEST (NYSE:INTT) Stock Price Down 2.7%

inTEST Co. (NYSE:INTT)’s stock price traded down 2.7% on Wednesday . The stock traded as low as $9.43 and last traded at $9.43. 90,656 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 103,427 shares. The stock had previously closed at $9.69.

Analyst Upgrades and Downgrades

A number of research firms have commented on INTT. Lake Street Capital dropped their price target on shares of inTEST from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. StockNews.com downgraded shares of inTEST from a “buy” rating to a “hold” rating in a research report on Saturday, April 6th.

inTEST Stock Performance

The firm’s 50-day moving average price is $10.21 and its two-hundred day moving average price is $11.46. The firm has a market capitalization of $117.78 million, a PE ratio of 14.51 and a beta of 1.91. The company has a quick ratio of 1.36, a current ratio of 2.15 and a debt-to-equity ratio of 0.11.

inTEST (NYSE:INTT) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. inTEST had a net margin of 6.41% and a return on equity of 10.16%. The firm had revenue of $29.82 million for the quarter, compared to the consensus estimate of $29.10 million. As a group, research analysts predict that inTEST Co. will post 0.76 earnings per share for the current fiscal year.

Insider Activity at inTEST

In other inTEST news, CEO Richard N. Jr. Grant sold 21,500 shares of inTEST stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $12.03, for a total value of $258,645.00. Following the completion of the sale, the chief executive officer now directly owns 171,717 shares in the company, valued at $2,065,755.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Richard N. Jr. Grant sold 20,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $12.80, for a total value of $256,000.00. Following the completion of the sale, the chief executive officer now directly owns 215,217 shares in the company, valued at $2,754,777.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard N. Jr. Grant sold 21,500 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $12.03, for a total transaction of $258,645.00. Following the completion of the sale, the chief executive officer now owns 171,717 shares of the company’s stock, valued at $2,065,755.51. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On inTEST

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its holdings in inTEST by 76.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,640 shares of the company’s stock valued at $50,000 after buying an additional 1,574 shares during the period. Barclays PLC grew its holdings in shares of inTEST by 161.9% in the 3rd quarter. Barclays PLC now owns 7,521 shares of the company’s stock worth $114,000 after purchasing an additional 4,649 shares during the last quarter. Redwood Wealth Management Group LLC bought a new stake in shares of inTEST in the 4th quarter worth about $154,000. D.A. Davidson & CO. grew its holdings in shares of inTEST by 24.9% in the 4th quarter. D.A. Davidson & CO. now owns 13,800 shares of the company’s stock worth $188,000 after purchasing an additional 2,750 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of inTEST by 21.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,153 shares of the company’s stock worth $188,000 after purchasing an additional 2,476 shares during the last quarter. 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.