Key Points
- Director Gerald Maginnis purchased 6,000 shares at an average price of $7.44 (total $44,640), increasing his stake to 84,057 shares—a 7.69% rise in his position.
- inTEST shares trade around $7.69 with a market cap of $96.04M; analysts have a consensus "Moderate Buy" with an average target of $12.00, and institutional investors own roughly 63.18% of the company.
inTEST Co. (NYSE:INTT - Get Free Report) Director Gerald Maginnis bought 6,000 shares of inTEST stock in a transaction that occurred on Wednesday, November 19th. The stock was bought at an average cost of $7.44 per share, for a total transaction of $44,640.00. Following the purchase, the director owned 84,057 shares in the company, valued at $625,384.08. This represents a 7.69% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
inTEST Price Performance
inTEST stock traded up $0.27 during mid-day trading on Friday, hitting $7.69. 2,589 shares of the company were exchanged, compared to its average volume of 39,326. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.26 and a quick ratio of 1.38. inTEST Co. has a 12-month low of $5.24 and a 12-month high of $9.77. The business's 50 day simple moving average is $8.09 and its two-hundred day simple moving average is $7.30. The company has a market capitalization of $96.04 million, a P/E ratio of 32.91 and a beta of 1.61.
Analysts Set New Price Targets
A number of research analysts have issued reports on INTT shares. Lake Street Capital restated a "buy" rating on shares of inTEST in a report on Thursday, November 6th. Zacks Research downgraded shares of inTEST from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, inTEST presently has a consensus rating of "Moderate Buy" and an average target price of $12.00.
Read Our Latest Research Report on inTEST
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC acquired a new stake in shares of inTEST in the third quarter worth approximately $127,000. Franklin Resources Inc. acquired a new position in shares of inTEST in the 3rd quarter valued at $146,000. GSA Capital Partners LLP boosted its holdings in shares of inTEST by 39.2% in the 3rd quarter. GSA Capital Partners LLP now owns 28,860 shares of the company's stock valued at $225,000 after purchasing an additional 8,130 shares during the last quarter. Bailard Inc. purchased a new stake in shares of inTEST during the 3rd quarter valued at $251,000. Finally, Jane Street Group LLC increased its holdings in shares of inTEST by 28.4% during the 1st quarter. Jane Street Group LLC now owns 40,643 shares of the company's stock worth $284,000 after buying an additional 8,999 shares during the last quarter. Institutional investors and hedge funds own 63.18% of the company's stock.
inTEST Company Profile
(
Get Free Report)
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.
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