inTEST (NYSE:INTT) Shares Up 0.5% – What’s Next?

inTEST Co. (NYSE:INTT) shares rose 0.5% during trading on Monday . The stock traded as high as $14.67 and last traded at $13.51. 187,803 shares traded hands during trading, a decline of 16% from the average session volume of 224,324 shares. The stock had previously closed at $13.44.

Analyst Ratings Changes

Separately, Zacks Research downgraded inTEST from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

inTEST Trading Up 0.5%

The company’s 50 day moving average price is $16.67 and its 200 day moving average price is $13.96. 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 cap of $182.70 million, a PE ratio of 63.22 and a beta of 1.47.

Institutional Trading of inTEST

A number of large investors have recently modified their holdings of INTT. Royce & Associates LP raised its stake in shares of inTEST by 7.3% in the fourth quarter. Royce & Associates LP now owns 1,555,020 shares of the company’s stock valued at $11,616,000 after acquiring an additional 106,222 shares in the last quarter. Globeflex Capital L P grew its stake in inTEST by 632.6% during the 1st quarter. Globeflex Capital L P now owns 118,572 shares of the company’s stock worth $1,619,000 after purchasing an additional 102,387 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in inTEST during the 1st quarter worth about $1,275,000. Sei Investments Co. purchased a new stake in inTEST during the 1st quarter worth about $1,185,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in inTEST during the 4th quarter worth about $598,000. Hedge funds and other 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.