inTEST (NYSE:INTT) Upgraded by Northland Securities to Outperform Rating

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

inTEST Stock Performance

INTT opened at $8.88 on Thursday. inTEST has a twelve month low of $6.28 and a twelve month high of $14.35. 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 current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $7.79 and its 200 day moving average price is $8.08.

inTEST (NYSE:INTT) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The firm 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%. As a group, sell-side analysts expect that inTEST will post 0.41 EPS for the current fiscal year.

Hedge Funds Weigh In On inTEST

Several large investors have recently made changes to their positions in INTT. Bard Associates Inc. lifted its stake in inTEST by 2.1% during the 3rd quarter. Bard Associates Inc. now owns 199,170 shares of the company’s stock worth $1,454,000 after acquiring an additional 4,105 shares in the last quarter. Geode Capital Management LLC increased its stake in inTEST by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 131,106 shares of the company’s stock worth $957,000 after buying an additional 8,161 shares during the period. JPMorgan Chase & Co. lifted its holdings in inTEST by 42.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,481 shares of the company’s stock worth $274,000 after buying an additional 11,102 shares in the last quarter. Ground Swell Capital LLC acquired a new position in shares of inTEST in the second quarter worth $112,000. Finally, Redwood Wealth Management Group LLC purchased a new stake in shares of inTEST during the second quarter worth $132,000. 63.18% of the stock is currently owned by institutional investors and hedge funds.

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.