Lake Street Capital Forecasts Strong Price Appreciation for inTEST (NYSE:INTT) Stock

inTEST (NYSE:INTT) had its price objective hoisted by research analysts at Lake Street Capital from $10.00 to $19.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Lake Street Capital’s price objective suggests a potential upside of 54.60% from the company’s current price.

inTEST Trading Up 5.5%

Shares of INTT stock traded up $0.64 during trading hours on Monday, reaching $12.29. 176,892 shares of the stock were exchanged, compared to its average volume of 61,855. The firm has a market capitalization of $153.42 million, a price-to-earnings ratio of 52.85 and a beta of 1.65. The company’s 50-day moving average price is $8.99 and its 200-day moving average price is $8.19. inTEST has a 12-month low of $5.24 and a 12-month high of $12.32. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of INTT. Jane Street Group LLC lifted 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 worth $284,000 after buying an additional 8,999 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of inTEST by 0.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 517,962 shares of the company’s stock worth $3,771,000 after purchasing an additional 2,907 shares during the last quarter. Bailard Inc. bought a new stake in inTEST during the third quarter valued at about $251,000. Vanguard Group Inc. grew its stake in inTEST by 1.5% in the third quarter. Vanguard Group Inc. now owns 765,302 shares of the company’s stock valued at $5,977,000 after purchasing an additional 11,561 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in inTEST by 39.2% in the third quarter. GSA Capital Partners LLP now owns 28,860 shares of the company’s stock valued at $225,000 after purchasing an additional 8,130 shares during the last quarter. 63.18% of the stock is currently owned by hedge funds and other institutional investors.

inTEST Company Profile

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.