inTEST (NYSE:INTT) Upgraded at Northland Securities

Northland Securities upgraded shares of inTEST (NYSE:INTT) from a market perform rating to an outperform rating in a report released on Thursday morning, MarketBeat reports. The firm currently has $13.00 target price on the stock.

inTEST Stock Performance

INTT opened at $9.40 on Thursday. inTEST has a 52-week low of $6.28 and a 52-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 company has a market cap of $116.33 million, a P/E ratio of 40.87 and a beta of 1.85. The firm’s 50-day moving average price is $7.83 and its 200-day moving average price is $8.08.

inTEST (NYSE:INTT) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. inTEST had a net margin of 2.33% and a return on equity of 5.31%. The firm had revenue of $30.27 million for the quarter, compared to the consensus estimate of $32.97 million. As a group, equities analysts anticipate that inTEST will post 0.41 EPS for the current fiscal year.

Hedge Funds Weigh In On inTEST

Several hedge funds and other institutional investors have recently bought and sold shares of INTT. Allspring Global Investments Holdings LLC increased its holdings in inTEST by 118.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 30,905 shares of the company’s stock worth $305,000 after buying an additional 16,752 shares during the period. Los Angeles Capital Management LLC acquired a new position in inTEST in the 2nd quarter worth approximately $1,218,000. Ground Swell Capital LLC acquired a new position in inTEST in the 2nd quarter worth approximately $112,000. American Century Companies Inc. acquired a new position in inTEST in the 2nd quarter worth approximately $145,000. Finally, Federated Hermes Inc. acquired a new position in inTEST in the 2nd quarter worth approximately $436,000. Institutional investors and hedge funds 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.