Northland Securities Issues Positive Forecast for inTEST (NYSE:INTT) Stock Price

inTEST (NYSE:INTT) had its target price upped by Northland Securities from $13.00 to $16.00 in a research note issued to investors on Wednesday,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

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

inTEST Trading Down 4.5 %

inTEST stock opened at $8.66 on Wednesday. inTEST has a 12-month low of $6.28 and a 12-month high of $14.35. The stock has a market capitalization of $107.17 million, a PE ratio of 37.65 and a beta of 1.85. The firm has a 50 day simple moving average of $7.91 and a 200-day simple moving average of $8.05. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.26 and a quick ratio of 1.38.

inTEST (NYSE:INTT) last issued its quarterly earnings results 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. The company had revenue of $30.27 million during the quarter, compared to the consensus estimate of $32.97 million. inTEST had a net margin of 2.33% and a return on equity of 5.31%. As a group, equities research analysts expect that inTEST will post 0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On inTEST

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTT. Bard Associates Inc. increased its holdings in inTEST by 2.1% in the third quarter. Bard Associates Inc. now owns 199,170 shares of the company’s stock worth $1,454,000 after buying an additional 4,105 shares during the last quarter. Geode Capital Management LLC grew its position in inTEST by 6.6% in the third quarter. Geode Capital Management LLC now owns 131,106 shares of the company’s stock worth $957,000 after acquiring an additional 8,161 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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 purchasing an additional 11,102 shares during the last quarter. Ground Swell Capital LLC bought a new position in shares of inTEST during the 2nd quarter valued at $112,000. Finally, Redwood Wealth Management Group LLC acquired a new stake in shares of inTEST in the 2nd quarter valued at $132,000. 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.