inTEST (NYSE:INTT) Stock Price Up 0.5% – Still a Buy?

Shares of inTEST Co. (NYSE:INTT) shot up 0.5% on Monday . The company traded as high as $14.67 and last traded at $13.51. Approximately 187,803 shares were traded during mid-day trading, a decline of 16% from the average session volume of 224,324 shares. The stock had previously closed at $13.44.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of inTEST from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, inTEST currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

inTEST Trading Up 0.5%

The stock’s 50-day moving average price is $16.72 and its 200 day moving average price is $13.91. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.26 and a quick ratio of 1.38. The firm has a market capitalization of $169.75 million, a PE ratio of 58.74 and a beta of 1.47.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of INTT. Jane Street Group LLC purchased a new stake in shares of inTEST in the 4th quarter worth $88,000. Globeflex Capital L P bought a new position in shares of inTEST during the 4th quarter worth $121,000. Squarepoint Ops LLC purchased a new position in shares of inTEST during the third quarter valued at $127,000. Franklin Resources Inc. purchased a new position in shares of inTEST during the third quarter valued at $146,000. Finally, Daytona Street Capital LLC bought a new stake in shares of inTEST in the fourth quarter valued at about $149,000. 63.18% of the stock is currently owned by hedge funds and other 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.