Joseph W. Iv Dews Purchases 4,000 Shares of inTEST Co. (NYSE:INTT) Stock

inTEST Co. (NYSE:INTT) Director Joseph W. Iv Dews acquired 4,000 shares of inTEST stock in a transaction on Monday, May 12th. The shares were bought at an average price of $5.86 per share, with a total value of $23,440.00. Following the completion of the transaction, the director now directly owns 118,250 shares of the company’s stock, valued at $692,945. This trade represents a 3.50% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

inTEST Price Performance

inTEST stock opened at $6.05 on Friday. The company has a fifty day simple moving average of $6.52 and a 200-day simple moving average of $7.61. The firm has a market capitalization of $75.59 million, a price-to-earnings ratio of 26.31 and a beta of 1.63. 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 Co. has a 52-week low of $5.24 and a 52-week high of $11.92.

inTEST (NYSE:INTT) last announced its quarterly earnings data on Friday, May 2nd. The company reported ($0.11) earnings per share (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 quarter in the previous year, the firm posted $0.10 EPS. On average, equities analysts anticipate that inTEST Co. will post 0.41 EPS for the current fiscal year.

Institutional Trading of inTEST

Several large investors have recently added to or reduced their stakes in INTT. JPMorgan Chase & Co. increased its position in inTEST by 42.1% during the third quarter. JPMorgan Chase & Co. now owns 37,481 shares of the company’s stock worth $274,000 after purchasing an additional 11,102 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of inTEST by 6.6% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 582,483 shares of the company’s stock valued at $5,004,000 after buying an additional 36,031 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of inTEST by 208.9% during the 4th quarter. Russell Investments Group Ltd. now owns 43,543 shares of the company’s stock worth $374,000 after buying an additional 29,445 shares during the last quarter. Royce & Associates LP raised its position in shares of inTEST by 17.5% during the 4th quarter. Royce & Associates LP now owns 1,433,099 shares of the company’s stock valued at $12,310,000 after buying an additional 213,942 shares during the period. Finally, First Eagle Investment Management LLC lifted 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. 63.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.