inTEST (NYSE:INTT) Stock Price Expected to Rise, Northland Securities Analyst Says

inTEST (NYSE:INTT) had its price objective upped by Northland Securities from $13.00 to $16.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ price objective points to a potential upside of 84.76% from the stock’s current price.

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

inTEST Trading Down 4.5 %

Shares of inTEST stock opened at $8.66 on Wednesday. inTEST has a fifty-two week low of $6.28 and a fifty-two week high of $14.35. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.08. The firm has a market cap of $107.17 million, a price-to-earnings ratio of 37.65 and a beta of 1.85. The business has a fifty day simple moving average of $7.94 and a 200-day simple moving average of $8.06.

inTEST (NYSE:INTT) last released its earnings results on Friday, November 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $30.27 million during the quarter, compared to analyst estimates of $32.97 million. inTEST had a net margin of 2.33% and a return on equity of 5.31%. On average, equities analysts forecast that inTEST will post 0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of INTT. Pacific Ridge Capital Partners LLC grew its stake in inTEST by 23.1% during the 2nd 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 acquired a new position in inTEST in the 3rd quarter valued at approximately $120,000. Royce & Associates LP lifted its position in inTEST by 9.9% in the 3rd quarter. Royce & Associates LP now owns 1,219,157 shares of the company’s stock worth $8,900,000 after buying an additional 110,078 shares in the last quarter. American Century Companies Inc. acquired a new position in shares of inTEST in the second quarter worth $145,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of inTEST during the second quarter worth $1,218,000. Hedge funds and other 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.