inTEST (NYSE:INTT) Upgraded by Northland Capmk to Strong-Buy Rating

Northland Capmk upgraded shares of inTEST (NYSE:INTT) from a hold rating to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

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

inTEST Price Performance

Shares of INTT opened at $9.40 on Thursday. The firm has a market cap of $116.33 million, a PE ratio of 40.87 and a beta of 1.85. inTEST has a 52-week low of $6.28 and a 52-week high of $14.35. The business’s 50 day moving average price is $7.83 and its two-hundred day moving average price is $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.

inTEST (NYSE:INTT) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The firm 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%. On average, equities analysts anticipate that inTEST will post 0.41 EPS for the current year.

Hedge Funds Weigh In On inTEST

A number of hedge funds have recently bought and sold shares of the company. Pacific Ridge Capital Partners LLC grew its holdings 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 valued at $4,554,000 after acquiring an additional 86,632 shares in the last quarter. XTX Topco Ltd purchased a new position in inTEST in the third quarter valued at about $120,000. Royce & Associates LP grew its position in shares of inTEST by 9.9% during the 3rd quarter. Royce & Associates LP now owns 1,219,157 shares of the company’s stock valued at $8,900,000 after acquiring an additional 110,078 shares during the period. American Century Companies Inc. purchased a new stake in shares of inTEST during the 2nd quarter worth approximately $145,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of inTEST in the 2nd quarter worth approximately $1,218,000. 63.18% of the stock is owned by hedge funds and other institutional investors.

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.