inTEST Co. (NYSE:INTT) CEO Richard N. Jr. Grant Sells 2,688 Shares

inTEST Co. (NYSE:INTT) CEO Richard N. Jr. Grant sold 2,688 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $7.48, for a total transaction of $20,106.24. Following the completion of the transaction, the chief executive officer now directly owns 162,241 shares of the company’s stock, valued at approximately $1,213,562.68. This represents a 1.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

inTEST Price Performance

inTEST stock opened at $7.80 on Thursday. inTEST Co. has a 1 year low of $6.28 and a 1 year high of $14.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.38 and a current ratio of 2.26. The firm has a 50 day moving average price of $8.52 and a 200 day moving average price of $7.78. The company has a market cap of $96.53 million, a price-to-earnings ratio of 33.91 and a beta of 1.90.

inTEST (NYSE:INTT) last released its quarterly earnings data on Friday, March 7th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. inTEST had a return on equity of 5.31% and a net margin of 2.33%. During the same quarter in the prior year, the business posted $0.16 earnings per share. Sell-side analysts predict that inTEST Co. will post 0.41 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Royce & Associates LP raised its stake in shares of inTEST by 9.9% in the 3rd quarter. Royce & Associates LP now owns 1,219,157 shares of the company’s stock valued at $8,900,000 after acquiring an additional 110,078 shares during the period. Bard Associates Inc. boosted its position in shares of inTEST by 2.1% in the third quarter. Bard Associates Inc. now owns 199,170 shares of the company’s stock worth $1,454,000 after buying an additional 4,105 shares during the period. XTX Topco Ltd acquired a new stake in shares of inTEST in the third quarter valued at about $120,000. Geode Capital Management LLC lifted its position in inTEST by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 131,106 shares of the company’s stock worth $957,000 after acquiring an additional 8,161 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in inTEST by 42.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,481 shares of the company’s stock worth $274,000 after acquiring an additional 11,102 shares during the period. Hedge funds and other institutional investors own 63.18% of the company’s stock.

Wall Street Analyst Weigh In

INTT has been the subject of several recent analyst reports. Northland Capmk raised shares of inTEST from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 2nd. Northland Securities lifted their price objective on inTEST from $13.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th.

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.