inTEST (NYSE:INTT) Stock Rating Upgraded by Northland Capmk

inTEST (NYSE:INTT) was upgraded by analysts at Northland Capmk from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Northland Securities upgraded shares of inTEST from a “market perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research note on Thursday.

inTEST Stock Up 5.9 %

Shares of NYSE INTT opened at $9.40 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.38 and a current ratio of 2.26. inTEST has a 1 year low of $6.28 and a 1 year high of $14.35. The stock’s 50-day simple moving average is $7.83 and its 200-day simple moving average is $8.08. The firm has a market cap of $116.33 million, a price-to-earnings ratio of 40.87 and a beta of 1.85.

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, topping the consensus estimate of $0.07 by $0.03. The company had revenue of $30.27 million for 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%. As a group, equities analysts anticipate that inTEST will post 0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On inTEST

Institutional investors and hedge funds have recently made changes to their positions in the company. Ground Swell Capital LLC acquired a new stake in inTEST during the second quarter worth about $112,000. XTX Topco Ltd acquired a new position in inTEST in the third quarter valued at approximately $120,000. Redwood Wealth Management Group LLC bought a new position in shares of inTEST during the second quarter valued at approximately $132,000. American Century Companies Inc. acquired a new stake in shares of inTEST during the 2nd quarter worth approximately $145,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of inTEST by 42.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,481 shares of the company’s stock worth $274,000 after purchasing an additional 11,102 shares during the last quarter. 63.18% of the stock is owned by institutional investors and hedge funds.

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.