inTEST (NYSE:INTT) CEO Richard Jr. Grant Sells 1,636 Shares of Stock

inTEST Co. (NYSE:INTT) CEO Richard Jr. Grant sold 1,636 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $14.28, for a total value of $23,362.08. Following the transaction, the chief executive officer owned 212,730 shares of the company’s stock, valued at approximately $3,037,784.40. This represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

inTEST Trading Down 0.5%

Shares of INTT stock traded down $0.07 on Thursday, hitting $14.18. The stock had a trading volume of 9,596 shares, compared to its average volume of 93,986. The company’s 50 day moving average price is $10.57 and its 200-day moving average price is $8.79. inTEST Co. has a 1 year low of $5.24 and a 1 year high of $15.14. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.26 and a quick ratio of 1.38. The firm has a market capitalization of $176.95 million, a P/E ratio of 61.63 and a beta of 1.58.

Wall Street Analyst Weigh In

Separately, Lake Street Capital upped their target price on shares of inTEST from $10.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.00.

Institutional Trading of inTEST

Several hedge funds have recently added to or reduced their stakes in INTT. Jane Street Group LLC acquired a new position in inTEST during the 4th quarter worth approximately $88,000. Globeflex Capital L P purchased a new stake in shares of inTEST in the 4th quarter valued at approximately $121,000. Squarepoint Ops LLC acquired a new stake in shares of inTEST in the 3rd quarter valued at $127,000. Franklin Resources Inc. purchased a new stake in shares of inTEST during the 3rd quarter worth $146,000. Finally, Daytona Street Capital LLC acquired a new position in shares of inTEST during the fourth quarter worth $149,000. Institutional investors and hedge funds 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.