inTEST (NYSE:INTT) Price Target Raised to $16.00

inTEST (NYSE:INTT) had its price target upped by Northland Securities from $13.00 to $16.00 in a research report released on Wednesday morning,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Separately, Northland Capmk raised shares of inTEST from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 2nd.

inTEST Price Performance

INTT opened at $8.64 on Wednesday. inTEST has a twelve month low of $6.28 and a twelve month high of $14.35. The firm has a market cap of $106.92 million, a price-to-earnings ratio of 37.57 and a beta of 1.85. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $7.97 and a 200 day simple moving average of $8.06.

inTEST (NYSE:INTT) last announced its earnings results on Friday, November 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $30.27 million for the quarter, compared to analyst estimates of $32.97 million. inTEST had a return on equity of 5.31% and a net margin of 2.33%. Equities research analysts expect that inTEST will post 0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Ground Swell Capital LLC bought a new position in inTEST during the second quarter worth $112,000. XTX Topco Ltd bought a new position in shares of inTEST in the 3rd quarter worth about $120,000. Redwood Wealth Management Group LLC acquired a new position in shares of inTEST in the 2nd quarter valued at about $132,000. American Century Companies Inc. bought a new stake in shares of inTEST during the 2nd quarter valued at about $145,000. Finally, JPMorgan Chase & Co. raised its stake in inTEST by 42.1% during the third quarter. JPMorgan Chase & Co. now owns 37,481 shares of the company’s stock worth $274,000 after acquiring an additional 11,102 shares during the period. Institutional investors and hedge funds own 63.18% of the company’s stock.

About inTEST

inTEST Corporation provides test and process technology solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through three segments: Electronic Test, Environmental Technologies, and Process Technologies.