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

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

inTEST Trading Up 5.9 %

Shares of inTEST stock opened at $9.40 on Thursday. inTEST has a 1 year low of $6.28 and a 1 year high of $14.35. 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 firm has a market capitalization of $116.33 million, a PE ratio of 40.87 and a beta of 1.85. The firm’s 50 day moving average is $7.83 and its 200 day moving average is $8.08.

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

Institutional Trading of inTEST

Several large investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC bought a new position in shares of inTEST in the second quarter valued at $1,218,000. Royce & Associates LP lifted its position in inTEST by 9.9% in the 3rd 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 in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in inTEST by 23.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 460,914 shares of the company’s stock valued at $4,554,000 after purchasing an additional 86,632 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in inTEST by 18.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 564,364 shares of the company’s stock worth $5,576,000 after purchasing an additional 86,100 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new stake in shares of inTEST in the second quarter worth approximately $436,000. 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.