AMH Equity Ltd Raises Stake in inTEST Co. $INTT

AMH Equity Ltd boosted its holdings in inTEST Co. (NYSE:INTT) by 38.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,000 shares of the company’s stock after buying an additional 45,010 shares during the quarter. inTEST makes up about 1.6% of AMH Equity Ltd’s holdings, making the stock its 24th largest position. AMH Equity Ltd’s holdings in inTEST were worth $1,187,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Royce & Associates LP increased its holdings in inTEST by 2.4% in the first quarter. Royce & Associates LP now owns 1,467,649 shares of the company’s stock valued at $10,259,000 after buying an additional 34,550 shares during the last quarter. CM Management LLC increased its holdings in inTEST by 2.7% in the first quarter. CM Management LLC now owns 375,000 shares of the company’s stock valued at $2,621,000 after buying an additional 10,000 shares during the last quarter. Bard Associates Inc. increased its holdings in inTEST by 0.9% in the first quarter. Bard Associates Inc. now owns 212,336 shares of the company’s stock valued at $1,484,000 after buying an additional 1,845 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in inTEST by 187.0% in the first quarter. Russell Investments Group Ltd. now owns 124,959 shares of the company’s stock valued at $873,000 after buying an additional 81,416 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in inTEST by 28.4% in the first quarter. Jane Street Group LLC now owns 40,643 shares of the company’s stock valued at $284,000 after buying an additional 8,999 shares during the last quarter. Hedge funds and other institutional investors own 63.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on INTT shares. Lake Street Capital started coverage on inTEST in a report on Monday, September 15th. They issued a “buy” rating and a $8.00 target price on the stock. Zacks Research lowered inTEST from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.00.

inTEST Stock Performance

Shares of INTT stock opened at $8.58 on Friday. The stock’s 50-day moving average is $7.84 and its two-hundred day moving average is $7.11. The firm has a market cap of $107.06 million, a price-to-earnings ratio of 37.31 and a beta of 1.58. inTEST Co. has a 1 year low of $5.24 and a 1 year high of $9.77. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.38 and a current ratio of 2.26.

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.