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

inTEST (NYSE:INTT) was upgraded by research analysts at Northland Capmk from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

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

inTEST Stock Up 5.9 %

INTT stock opened at $9.40 on Thursday. The company has a 50 day moving average price of $7.83 and a two-hundred day moving average price of $8.08. 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 stock has a market capitalization of $116.33 million, a P/E ratio of 40.87 and a beta of 1.85. inTEST has a one year low of $6.28 and a one year high of $14.35.

inTEST (NYSE:INTT) last announced 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. inTEST had a return on equity of 5.31% and a net margin of 2.33%. The business had revenue of $30.27 million during the quarter, compared to the consensus estimate of $32.97 million. As a group, sell-side analysts expect that inTEST will post 0.41 EPS for the current year.

Institutional Trading of inTEST

A number of institutional investors have recently modified their holdings of INTT. Royce & Associates LP boosted its position in inTEST by 9.9% during the 3rd quarter. Royce & Associates LP now owns 1,219,157 shares of the company’s stock worth $8,900,000 after purchasing an additional 110,078 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of inTEST by 18.0% during the second quarter. First Eagle Investment Management LLC now owns 564,364 shares of the company’s stock worth $5,576,000 after purchasing an additional 86,100 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of inTEST by 23.1% in the second quarter. Pacific Ridge Capital Partners LLC now owns 460,914 shares of the company’s stock worth $4,554,000 after buying an additional 86,632 shares during the period. Bard Associates Inc. grew its stake in shares of inTEST by 2.1% in the third quarter. Bard Associates Inc. now owns 199,170 shares of the company’s stock valued at $1,454,000 after buying an additional 4,105 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of inTEST by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 131,106 shares of the company’s stock valued at $957,000 after buying an additional 8,161 shares during the period. Hedge funds and other institutional investors own 63.18% of the company’s stock.

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.