Lake Street Capital Issues Pessimistic Forecast for inTEST (NYSE:INTT) Stock Price

inTEST (NYSE:INTT - Get Free Report) had its price objective cut by investment analysts at Lake Street Capital from $10.00 to $8.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Lake Street Capital's target price would indicate a potential upside of 41.09% from the company's previous close.

Separately, Northland Securities boosted their price objective on shares of inTEST from $13.00 to $16.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th.

inTEST Stock Performance

NYSE:INTT traded down $0.29 during mid-day trading on Monday, reaching $5.67. The stock had a trading volume of 16,992 shares, compared to its average volume of 70,600. inTEST has a twelve month low of $5.24 and a twelve month high of $11.92. The business has a 50 day simple moving average of $6.87 and a 200 day simple moving average of $7.68. The firm has a market capitalization of $70.15 million, a price-to-earnings ratio of 24.65 and a beta of 1.70. 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 (NYSE:INTT - Get Free Report) last issued its earnings results on Friday, May 2nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.01). inTEST had a net margin of 2.33% and a return on equity of 5.31%. During the same quarter in the previous year, the firm earned $0.10 earnings per share. On average, analysts expect that inTEST will post 0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On inTEST

Hedge funds and other institutional investors have recently made changes to their positions in the business. Byrne Asset Management LLC acquired a new position in inTEST during the 1st quarter valued at about $27,000. Farther Finance Advisors LLC acquired a new stake in inTEST in the first quarter worth approximately $41,000. Jane Street Group LLC boosted its stake in inTEST by 9.0% during the 4th quarter. Jane Street Group LLC now owns 31,644 shares of the company's stock valued at $272,000 after purchasing an additional 2,602 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of inTEST by 42.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,481 shares of the company's stock valued at $274,000 after purchasing an additional 11,102 shares during the period. Finally, Northern Trust Corp raised its stake in shares of inTEST by 8.2% in the 4th quarter. Northern Trust Corp now owns 40,328 shares of the company's stock worth $346,000 after buying an additional 3,048 shares in the last quarter. 63.18% of the stock is currently owned by institutional investors and hedge funds.

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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