inTEST (NYSE:INTT) Issues Earnings Results

inTEST (NYSE:INTT) issued its quarterly earnings results on Friday. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07), Zacks reports. The business had revenue of $33.99 million for the quarter, compared to the consensus estimate of $34.80 million. inTEST had a net margin of 6.41% and a return on equity of 10.16%. inTEST updated its FY 2024 guidance to EPS.

inTEST Stock Performance

Shares of NYSE INTT traded down $0.35 during trading on Monday, hitting $7.41. The company had a trading volume of 187,751 shares, compared to its average volume of 115,676. The stock has a 50 day simple moving average of $10.16 and a 200 day simple moving average of $11.06. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.36 and a current ratio of 2.15. inTEST has a 12 month low of $7.12 and a 12 month high of $18.88. The firm has a market capitalization of $92.55 million, a P/E ratio of 11.75 and a beta of 1.96.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on INTT. Lake Street Capital dropped their price objective on inTEST from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Northland Securities downgraded inTEST from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $15.00 to $10.00 in a report on Monday.

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.