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 note issued to investors on Wednesday,Zacks.com reports.

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

inTEST Trading Up 3.4%

inTEST stock opened at $17.21 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.26 and a quick ratio of 1.38. The company has a market capitalization of $216.24 million, a price-to-earnings ratio of 74.83 and a beta of 1.50. inTEST has a one year low of $6.13 and a one year high of $20.00. The company’s fifty day moving average price is $16.48 and its two-hundred day moving average price is $11.97.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ritholtz Wealth Management bought a new position in inTEST in the 4th quarter worth $267,000. Royce & Associates LP grew its position in inTEST by 7.3% in the 4th quarter. Royce & Associates LP now owns 1,555,020 shares of the company’s stock worth $11,616,000 after purchasing an additional 106,222 shares during the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new stake in inTEST in the 4th quarter worth $598,000. Daytona Street Capital LLC acquired a new stake in inTEST in the 4th quarter worth $149,000. Finally, GSA Capital Partners LLP grew its position in inTEST by 39.2% in the 3rd 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 last quarter. Institutional investors 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.