inTEST (NYSE:INTT) Price Target Cut to $16.00 by Analysts at Lake Street Capital

inTEST (NYSE:INTT) had its price target trimmed by Lake Street Capital from $19.00 to $16.00 in a research note published on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, StockNews.com downgraded inTEST from a buy rating to a hold rating in a research note on Saturday, April 6th.

inTEST Trading Down 7.9 %

NYSE INTT opened at $10.77 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.70 and a current ratio of 3.53. inTEST has a 52 week low of $9.71 and a 52 week high of $27.17. The stock has a market capitalization of $134.52 million, a price-to-earnings ratio of 12.67 and a beta of 2.01. The stock’s 50 day moving average price is $11.69 and its two-hundred day moving average price is $12.24.

inTEST (NYSE:INTT) last issued its earnings results on Wednesday, March 27th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. inTEST had a net margin of 8.02% and a return on equity of 13.46%. The company had revenue of $27.88 million for the quarter, compared to analysts’ expectations of $32.70 million. As a group, analysts anticipate that inTEST will post 1.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Richard N. Jr. Grant sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $12.80, for a total value of $256,000.00. Following the completion of the transaction, the chief executive officer now directly owns 215,217 shares in the company, valued at approximately $2,754,777.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Richard N. Jr. Grant sold 21,500 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $12.03, for a total value of $258,645.00. Following the completion of the transaction, the chief executive officer now owns 171,717 shares of the company’s stock, valued at $2,065,755.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard N. Jr. Grant sold 20,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $12.80, for a total transaction of $256,000.00. Following the transaction, the chief executive officer now directly owns 215,217 shares of the company’s stock, valued at approximately $2,754,777.60. The disclosure for this sale can be found here. Corporate insiders own 5.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of INTT. Tower Research Capital LLC TRC lifted its position in shares of inTEST by 76.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,640 shares of the company’s stock valued at $50,000 after acquiring an additional 1,574 shares during the period. Barclays PLC boosted its position in shares of inTEST by 161.9% during the 3rd quarter. Barclays PLC now owns 7,521 shares of the company’s stock worth $114,000 after purchasing an additional 4,649 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in shares of inTEST in the 4th quarter valued at about $154,000. Allspring Global Investments Holdings LLC bought a new stake in inTEST in the 3rd quarter valued at about $165,000. Finally, Great Valley Advisor Group Inc. acquired a new position in inTEST during the 3rd quarter worth approximately $167,000. 63.18% of the stock is owned by institutional investors and hedge funds.

inTEST Company Profile

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.