inTEST (NYSE:INTT) Raised to “Outperform” at Northland Securities

inTEST (NYSE:INTT) was upgraded by research analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a research report issued on Thursday, MarketBeat reports. The brokerage currently has a $13.00 price objective on the stock. Northland Securities’ price target points to a potential upside of 38.30% from the company’s current price.

inTEST Trading Up 5.9 %

NYSE:INTT opened at $9.40 on Thursday. The company has a market cap of $116.33 million, a P/E ratio of 40.87 and a beta of 1.85. inTEST has a twelve month low of $6.28 and a twelve month high of $14.35. The business has a 50 day moving average price of $7.83 and a two-hundred day moving average price of $8.08. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.08.

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

Institutional Investors Weigh In On inTEST

Several hedge funds have recently added to or reduced their stakes in the business. Ground Swell Capital LLC bought a new position in inTEST in the 2nd quarter valued at about $112,000. Redwood Wealth Management Group LLC acquired a new stake in inTEST during the 2nd quarter worth approximately $132,000. American Century Companies Inc. acquired a new stake in inTEST during the 2nd quarter worth approximately $145,000. XTX Topco Ltd bought a new stake in inTEST in the 3rd quarter valued at $120,000. Finally, Allspring Global Investments Holdings LLC grew 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 valued at $305,000 after buying an additional 16,752 shares in the last quarter. Institutional investors and hedge funds own 63.18% of the company’s stock.

About inTEST

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.