inTEST (NYSE:INTT) Given New $16.00 Price Target at Northland Securities

inTEST (NYSE:INTT) had its price objective raised by Northland Securities from $13.00 to $16.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

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

inTEST Stock Performance

NYSE INTT opened at $8.66 on Wednesday. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $107.17 million, a PE ratio of 37.65 and a beta of 1.85. The business’s 50-day moving average price is $7.91 and its 200 day moving average price is $8.05. inTEST has a twelve month low of $6.28 and a twelve month high of $14.35.

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

Institutional Investors Weigh In On inTEST

A number of institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in inTEST by 42.1% during the third quarter. JPMorgan Chase & Co. now owns 37,481 shares of the company’s stock valued at $274,000 after purchasing an additional 11,102 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of inTEST by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 131,106 shares of the company’s stock valued at $957,000 after buying an additional 8,161 shares during the period. XTX Topco Ltd acquired a new stake in inTEST during the third quarter worth about $120,000. Bard Associates Inc. lifted 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 acquiring an additional 4,105 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in inTEST by 9.9% in the third 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. 63.18% of the stock is currently owned by 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.