inTEST (NYSE:INTT) Trading 1.5% Higher – Here’s What Happened

inTEST Co. (NYSE:INTT) shares traded up 1.5% during trading on Friday . The company traded as high as $8.56 and last traded at $8.56. 28,517 shares changed hands during trading, a decline of 12% from the average session volume of 32,471 shares. The stock had previously closed at $8.43.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Northland Capmk raised inTEST from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 2nd. Northland Securities upped their price target on inTEST from $13.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th.

inTEST Price Performance

The business has a 50-day simple moving average of $8.56 and a 200 day simple moving average of $7.68. The firm has a market cap of $105.93 million, a P/E ratio of 37.22 and a beta of 1.84. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.38 and a current ratio of 2.26.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Royce & Associates LP grew its holdings in shares of inTEST by 17.5% during the 4th quarter. Royce & Associates LP now owns 1,433,099 shares of the company’s stock worth $12,310,000 after acquiring an additional 213,942 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of inTEST by 2.9% during the 4th quarter. First Eagle Investment Management LLC now owns 602,608 shares of the company’s stock worth $5,176,000 after acquiring an additional 16,744 shares during the period. Pacific Ridge Capital Partners LLC grew its holdings in shares of inTEST by 6.6% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 582,483 shares of the company’s stock worth $5,004,000 after acquiring an additional 36,031 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of inTEST by 43.2% during the 4th quarter. Ameriprise Financial Inc. now owns 493,524 shares of the company’s stock worth $4,239,000 after acquiring an additional 148,784 shares during the period. Finally, CM Management LLC grew its holdings in shares of inTEST by 4.3% during the 4th quarter. CM Management LLC now owns 365,000 shares of the company’s stock worth $3,135,000 after acquiring an additional 15,000 shares during the period. 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.