inTEST (NYSE:INTT) Stock Price Down 3.4% – Here’s What Happened

inTEST Co. (NYSE:INTT)’s share price fell 3.4% during trading on Monday . The stock traded as low as $8.51 and last traded at $8.58. 59,043 shares were traded during trading, an increase of 8% from the average session volume of 54,590 shares. The stock had previously closed at $8.88.

Wall Street Analysts Forecast Growth

INTT has been the subject of a number of research analyst reports. Lake Street Capital reiterated a “buy” rating on shares of inTEST in a research report on Thursday, November 6th. Zacks Research lowered shares of inTEST from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.00.

inTEST Stock Performance

The company has a market cap of $107.10 million, a P/E ratio of 37.31 and a beta of 1.60. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $7.84 and a two-hundred day simple moving average of $7.72.

Insider Activity

In other inTEST news, Director Gerald J. Maginnis bought 6,000 shares of the business’s 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 completion of the transaction, the director owned 84,057 shares of the company’s stock, 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 the SEC website. Insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in INTT. Squarepoint Ops LLC bought a new position in inTEST in the 3rd quarter worth $127,000. Franklin Resources Inc. bought a new stake in inTEST during the third quarter valued at about $146,000. Daytona Street Capital LLC purchased a new stake in inTEST in the fourth quarter worth about $149,000. GSA Capital Partners LLP raised its stake in shares of inTEST by 39.2% in the third quarter. GSA Capital Partners LLP now owns 28,860 shares of the company’s stock worth $225,000 after buying an additional 8,130 shares during the period. Finally, Bailard Inc. bought a new position in shares of inTEST in the third quarter worth about $251,000. 63.18% of the stock is currently owned by institutional investors.

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.