inTEST (NYSE:INTT) Stock Price Down 2.7%

inTEST Co. (NYSE:INTT)’s stock price dropped 2.7% on Wednesday . The company traded as low as $9.43 and last traded at $9.43. Approximately 90,656 shares were traded during trading, a decline of 12% from the average daily volume of 103,427 shares. The stock had previously closed at $9.69.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on INTT. Lake Street Capital decreased their price target on inTEST from $19.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. StockNews.com downgraded inTEST from a “buy” rating to a “hold” rating in a research note on Saturday, April 6th.

inTEST Price Performance

The company has a current ratio of 2.15, a quick ratio of 1.36 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $10.21 and a 200 day moving average price of $11.46. The stock has a market cap of $117.78 million, a PE ratio of 14.51 and a beta of 1.91.

inTEST (NYSE:INTT) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. inTEST had a return on equity of 10.16% and a net margin of 6.41%. The firm had revenue of $29.82 million for the quarter, compared to analysts’ expectations of $29.10 million. As a group, research analysts forecast that inTEST Co. will post 0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Richard N. Jr. Grant sold 20,000 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $12.80, for a total transaction of $256,000.00. Following the sale, the chief executive officer now owns 215,217 shares of the company’s stock, valued at approximately $2,754,777.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Richard N. Jr. Grant sold 21,500 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $12.03, for a total transaction of $258,645.00. Following the sale, the chief executive officer now owns 171,717 shares of the company’s stock, valued at approximately $2,065,755.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard N. Jr. Grant sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $12.80, for a total value of $256,000.00. Following the completion of the sale, the chief executive officer now directly owns 215,217 shares in the company, valued at approximately $2,754,777.60. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by insiders.

Institutional Trading of inTEST

A number of large investors have recently modified their holdings of INTT. Tower Research Capital LLC TRC boosted its position in shares of inTEST by 76.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,640 shares of the company’s stock valued at $50,000 after acquiring an additional 1,574 shares during the last quarter. Barclays PLC boosted its position in shares of inTEST by 161.9% during the 3rd quarter. Barclays PLC now owns 7,521 shares of the company’s stock valued at $114,000 after acquiring an additional 4,649 shares during the last quarter. Redwood Wealth Management Group LLC bought a new stake in shares of inTEST during the 4th quarter valued at about $154,000. D.A. Davidson & CO. lifted its position in inTEST by 24.9% in the 4th quarter. D.A. Davidson & CO. now owns 13,800 shares of the company’s stock worth $188,000 after buying an additional 2,750 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in inTEST by 21.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,153 shares of the company’s stock worth $188,000 after buying an additional 2,476 shares during the last quarter. Institutional investors 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.