inTEST (NYSE:INTT) Downgraded by Zacks Research to Hold

Key Points

• inTEST (NYSE:INTT) has been downgraded from a "strong-buy" to a "hold" rating by Zacks Research, signaling a shift in analyst sentiment.
• Lake Street Capital has initiated coverage of inTEST with a "buy" rating and a price target of $8.00, while the average price target across analysts stands at $12.00.
• Currently, inTEST's shares are trading at $7.49, with a market capitalization of $93.40 million and a beta of 1.58.

inTEST (NYSE:INTT - Get Free Report) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

Separately, Lake Street Capital assumed coverage on inTEST in a report on Monday, September 15th. They set a "buy" rating and a $8.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, inTEST currently has an average rating of "Moderate Buy" and an average price target of $12.00.

inTEST Stock Performance

Shares of INTT opened at $7.49 on Monday. The stock's 50-day simple moving average is $7.36 and its 200 day simple moving average is $6.88. The stock has a market capitalization of $93.40 million, a price-to-earnings ratio of 32.54 and a beta of 1.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.38 and a current ratio of 2.26. inTEST has a 52-week low of $5.24 and a 52-week high of $9.77.

Institutional Investors Weigh In On inTEST

Large investors have recently made changes to their positions in the business. Bard Associates Inc. raised its stake in inTEST by 0.9% during the first quarter. Bard Associates Inc. now owns 212,336 shares of the company's stock valued at $1,484,000 after buying an additional 1,845 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of inTEST by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 517,962 shares of the company's stock worth $3,771,000 after purchasing an additional 2,907 shares during the last quarter. Byrne Asset Management LLC purchased a new position in shares of inTEST in the first quarter worth $27,000. Farther Finance Advisors LLC purchased a new position in shares of inTEST in the first quarter worth $41,000. Finally, Jane Street Group LLC raised its stake in shares of inTEST by 28.4% in the first quarter. Jane Street Group LLC now owns 40,643 shares of the company's stock worth $284,000 after purchasing an additional 8,999 shares during the last quarter. 63.18% of the stock is currently owned by institutional investors.

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.

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