inTEST Co. (NYSE:INTT – Get Free Report)’s share price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $12.67 and traded as high as $13.63. inTEST shares last traded at $13.37, with a volume of 210,873 shares changing hands.
Wall Street Analyst Weigh In
Separately, Northland Securities set a $17.00 price target on inTEST in a research note on Tuesday, October 6th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.
Check Out Our Latest Stock Analysis on INTT
inTEST Stock Performance
The stock has a market cap of $171.48 million, a P/E ratio of 58.13 and a beta of 1.53. The business has a 50 day moving average price of $12.67 and a two-hundred day moving average price of $13.89. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.08.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in INTT. State of Wyoming purchased a new stake in shares of inTEST during the 2nd quarter worth about $71,000. Byrne Asset Management LLC acquired a new stake in inTEST in the second quarter valued at approximately $171,000. Deutsche Bank AG bought a new stake in inTEST in the 2nd quarter valued at about $210,000. Hsbc Holdings PLC bought a new stake in shares of inTEST in the 1st quarter worth approximately $254,000. Finally, Hillsdale Investment Management Inc. bought a new position in shares of inTEST in the 1st quarter worth $296,000. 63.18% of the stock is owned by institutional investors and hedge funds.
About inTEST
inTEST Corporation (NYSE: INTT) develops and manufactures test and process technology solutions used by companies in the semiconductor, automotive, defense and aerospace, telecommunications, consumer electronics, and life sciences industries. Its products and services help customers test, control, and improve manufacturing processes for electronic and other high-precision products.
The company operates through technology areas that include electronic testing, thermal testing and control, and process technologies.
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