inTEST (NYSE:INTT) Trading 0.9% Higher – Still a Buy?

inTEST Co. (NYSE:INTT) shares shot up 0.9% during trading on Friday . The stock traded as high as $7.61 and last traded at $7.54. 16,279 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 38,761 shares. The stock had previously closed at $7.47.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on INTT shares. Zacks Research lowered inTEST from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Lake Street Capital restated a “buy” rating on shares of inTEST in a research report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, inTEST currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

inTEST Stock Performance

The firm has a market cap of $94.12 million, a PE ratio of 32.78 and a beta of 1.63. The business has a 50 day simple moving average of $7.77 and a two-hundred day simple moving average of $7.59. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.08.

Insiders Place Their Bets

In other news, Director Gerald J. Maginnis bought 6,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was acquired at an average cost of $7.44 per share, with a total value of $44,640.00. Following the transaction, the director directly owned 84,057 shares in the company, valued at approximately $625,384.08. This trade represents a 7.69% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On inTEST

A number of hedge funds and other institutional investors have recently made changes to their positions in INTT. Squarepoint Ops LLC bought a new stake in shares of inTEST in the third quarter valued at about $127,000. Franklin Resources Inc. purchased a new stake in shares of inTEST in the 3rd quarter worth approximately $146,000. GSA Capital Partners LLP lifted its position in shares of inTEST by 39.2% in the 3rd quarter. GSA Capital Partners LLP now owns 28,860 shares of the company’s stock worth $225,000 after purchasing an additional 8,130 shares during the period. Bailard Inc. bought a new position in shares of inTEST during the third quarter valued at approximately $251,000. Finally, Jane Street Group LLC increased its holdings in inTEST by 28.4% during the first quarter. Jane Street Group LLC now owns 40,643 shares of the company’s stock valued at $284,000 after buying an additional 8,999 shares during the period. Institutional investors own 63.18% of the company’s stock.

About inTEST

inTEST Corporation (NYSE: INTT) is a developer and manufacturer of precision instrumentation and test solutions designed for the semiconductor, microelectronics and related manufacturing industries. The company’s offerings focus on thermal management and instrument interface technologies that support the environmental conditioning and electrical performance evaluation of devices under test. These solutions include temperature controllers and cyclers, thermal subsystems, load boards, connectors and custom test interfaces engineered to accelerate reliability testing, product qualification and high-volume production measurement.

Serving customers across North America, Europe and Asia, inTEST supports semiconductor fabs, assembly and packaging facilities, research laboratories and OEM equipment builders.