Northland Securities Boosts inTEST (NYSE:INTT) Price Target to $16.00

inTEST (NYSE:INTT) had its target price upped by investment analysts at Northland Securities from $13.00 to $16.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ price target suggests a potential upside of 84.76% from the stock’s previous close.

Separately, Northland Capmk upgraded shares of inTEST from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 2nd.

inTEST Stock Performance

Shares of INTT stock opened at $8.66 on Wednesday. The company’s fifty day moving average price is $7.94 and its two-hundred day moving average price is $8.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.26 and a quick ratio of 1.38. The firm has a market capitalization of $107.17 million, a P/E ratio of 37.65 and a beta of 1.85. inTEST has a 12 month low of $6.28 and a 12 month high of $14.35.

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 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 firm had revenue of $30.27 million during the quarter, compared to analyst estimates of $32.97 million. On average, research analysts anticipate that inTEST will post 0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On inTEST

Several institutional investors and hedge funds have recently bought and sold shares of INTT. Ground Swell Capital LLC acquired a new stake in shares of inTEST in the 2nd quarter worth about $112,000. XTX Topco Ltd acquired a new stake in shares of inTEST in the third quarter valued at approximately $120,000. Redwood Wealth Management Group LLC bought a new stake in shares of inTEST during the second quarter valued at approximately $132,000. American Century Companies Inc. acquired a new position in shares of inTEST during the second quarter worth approximately $145,000. Finally, JPMorgan Chase & Co. raised its stake in 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 acquiring an additional 11,102 shares in the last quarter. Institutional investors and hedge funds 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.