inTEST (NYSE:INTT) Rating Lowered to “Hold” at Zacks Research

inTEST (NYSE:INTT) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Lake Street Capital boosted their price target on shares of inTEST from $10.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

inTEST Trading Up 3.4%

Shares of INTT stock opened at $17.21 on Wednesday. The company’s 50-day moving average price is $16.48 and its 200-day moving average price is $11.97. 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 stock has a market cap of $216.24 million, a price-to-earnings ratio of 74.83 and a beta of 1.50. inTEST has a twelve month low of $6.13 and a twelve month high of $20.00.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of INTT. Jane Street Group LLC lifted its position 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. Ameriprise Financial Inc. increased its stake in inTEST by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 517,962 shares of the company’s stock worth $3,771,000 after purchasing an additional 2,907 shares during the period. Vanguard Group Inc. increased its stake in inTEST by 1.5% during the third quarter. Vanguard Group Inc. now owns 765,302 shares of the company’s stock worth $5,977,000 after purchasing an additional 11,561 shares during the period. GSA Capital Partners LLP increased its stake in inTEST by 39.2% during the third quarter. GSA Capital Partners LLP now owns 28,860 shares of the company’s stock worth $225,000 after purchasing an additional 8,130 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in inTEST during the third quarter worth about $146,000. Institutional investors and hedge funds own 63.18% of the company’s stock.

inTEST Company Profile

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.