inTEST (NYSE:INTT) Shares Down 0.3% - What's Next?

inTEST Co. (NYSE:INTT - Get Free Report) shares traded down 0.3% during mid-day trading on Wednesday . The stock traded as low as $7.05 and last traded at $7.05. 9,438 shares traded hands during trading, a decline of 81% from the average session volume of 49,806 shares. The stock had previously closed at $7.07.

Wall Street Analyst Weigh In

INTT has been the topic of a number of recent research reports. Lake Street Capital reduced their target price on shares of inTEST from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Northland Capmk cut shares of inTEST from a "strong-buy" rating to a "hold" rating in a report on Monday, May 5th.

inTEST Trading Up 2.1%

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 firm's 50 day simple moving average is $6.74 and its two-hundred day simple moving average is $7.32. The stock has a market cap of $89.96 million, a P/E ratio of 31.31 and a beta of 1.65.

inTEST (NYSE:INTT - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.01). inTEST had a return on equity of 5.31% and a net margin of 2.33%. During the same quarter in the prior year, the business posted $0.10 EPS. As a group, equities research analysts predict that inTEST Co. will post 0.41 earnings per share for the current fiscal year.

Insider Activity at inTEST

In other news, Director Gerald J. Maginnis purchased 7,557 shares of the stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average price of $5.78 per share, for a total transaction of $43,679.46. Following the completion of the transaction, the director owned 78,057 shares of the company's stock, valued at approximately $451,169.46. The trade was a 10.72% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.00% of the company's stock.

Hedge Funds Weigh In On inTEST

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC grew its position in inTEST by 28.4% in the 1st quarter. Jane Street Group LLC now owns 40,643 shares of the company's stock valued at $284,000 after buying an additional 8,999 shares in the last quarter. Russell Investments Group Ltd. grew its position in inTEST by 187.0% in the 1st quarter. Russell Investments Group Ltd. now owns 124,959 shares of the company's stock valued at $873,000 after buying an additional 81,416 shares in the last quarter. Bard Associates Inc. grew its position in inTEST by 0.9% in the 1st 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 in the last quarter. CM Management LLC grew its position in inTEST by 2.7% in the 1st quarter. CM Management LLC now owns 375,000 shares of the company's stock valued at $2,621,000 after buying an additional 10,000 shares in the last quarter. Finally, Royce & Associates LP grew its position in inTEST by 2.4% in the 1st quarter. Royce & Associates LP now owns 1,467,649 shares of the company's stock valued at $10,259,000 after buying an additional 34,550 shares in the last quarter. Institutional investors own 63.18% of the company's stock.

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.