inTEST Co. (NYSE:INTT) Director Purchases $43,679.46 in Stock

inTEST Co. (NYSE:INTT) Director Gerald J. Maginnis bought 7,557 shares of the stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $5.78 per share, for a total transaction of $43,679.46. Following the acquisition, the director now owns 78,057 shares in the company, valued at $451,169.46. The trade was a 10.72 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

inTEST Price Performance

Shares of NYSE:INTT opened at $6.10 on Friday. The company has a market cap of $76.22 million, a P/E ratio of 26.52 and a beta of 1.63. The business has a fifty day simple moving average of $6.66 and a 200-day simple moving average of $7.64. inTEST Co. has a 52 week low of $5.24 and a 52 week high of $11.92. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.08.

inTEST (NYSE:INTT) last posted its quarterly earnings results on Friday, May 2nd. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.01). inTEST had a net margin of 2.33% and a return on equity of 5.31%. During the same period in the previous year, the firm posted $0.10 earnings per share. Equities research analysts forecast that inTEST Co. will post 0.41 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on INTT shares. Northland Capmk cut inTEST from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 5th. Lake Street Capital lowered their price target on shares of inTEST from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday, May 5th.

Hedge Funds Weigh In On inTEST

A number of large investors have recently bought and sold shares of the stock. Royce & Associates LP grew its stake in shares of inTEST by 2.4% during the 1st 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 period. First Eagle Investment Management LLC boosted its holdings in inTEST by 2.9% in the fourth quarter. First Eagle Investment Management LLC now owns 602,608 shares of the company’s stock valued at $5,176,000 after acquiring an additional 16,744 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its position in inTEST by 6.6% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 582,483 shares of the company’s stock valued at $5,004,000 after acquiring an additional 36,031 shares during the period. Ameriprise Financial Inc. increased its stake in inTEST by 43.2% during the fourth quarter. Ameriprise Financial Inc. now owns 493,524 shares of the company’s stock worth $4,239,000 after acquiring an additional 148,784 shares during the last quarter. Finally, CM Management LLC raised its holdings in shares of inTEST by 2.7% in the 1st quarter. CM Management LLC now owns 375,000 shares of the company’s stock worth $2,621,000 after purchasing an additional 10,000 shares during the period. Hedge funds and other institutional investors own 63.18% of the company’s stock.

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.