inTEST (NYSE:INTT) Stock Breaks Above Fifty Day Moving Average – Time to Sell?

inTEST Co. (NYSE:INTT) shares passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $12.67 and traded as high as $13.63. inTEST shares last traded at $13.37, with a volume of 210,873 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Northland Securities set a $17.00 price objective on inTEST in a research note on Tuesday, October 6th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, inTEST presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

inTEST Trading Up 8.7%

The firm has a market cap of $171.48 million, a P/E ratio of 58.13 and a beta of 1.53. The business’s 50 day moving average is $12.67 and its 200-day moving average is $13.89. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.08.

Hedge Funds Weigh In On inTEST

Several large investors have recently modified their holdings of INTT. Russell Investments Group Ltd. increased its holdings in shares of inTEST by 4,511.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 48,830 shares of the company’s stock valued at $578,000 after acquiring an additional 47,771 shares during the last quarter. Bridge City Capital LLC raised its position in shares of inTEST by 12.2% during the 3rd quarter. Bridge City Capital LLC now owns 57,412 shares of the company’s stock valued at $679,000 after acquiring an additional 6,252 shares in the last quarter. WINTON GROUP Ltd bought a new position in inTEST during the second quarter worth $475,000. Engineers Gate Manager LP lifted its stake in inTEST by 103.7% during the second quarter. Engineers Gate Manager LP now owns 23,872 shares of the company’s stock worth $434,000 after purchasing an additional 12,152 shares during the last quarter. Finally, Navellier & Associates Inc. bought a new position in inTEST during the second quarter worth $907,000. Institutional investors own 63.18% of the company’s stock.

inTEST Company Profile

inTEST Corporation (NYSE: INTT) develops and manufactures test and process technology solutions used by companies in the semiconductor, automotive, defense and aerospace, telecommunications, consumer electronics, and life sciences industries. Its products and services help customers test, control, and improve manufacturing processes for electronic and other high-precision products.

The company operates through technology areas that include electronic testing, thermal testing and control, and process technologies.