Insider Selling: inTEST Co. (NYSE:INTT) CEO Sells 20,000 Shares of Stock

inTEST Co. (NYSE:INTT - Get Free Report) CEO Richard N. Jr. Grant sold 20,000 shares of inTEST stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $12.80, for a total value of $256,000.00. Following the completion of the transaction, the chief executive officer now owns 215,217 shares in the company, valued at $2,754,777.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

inTEST Stock Up 1.5 %

INTT stock traded up $0.18 on Thursday, hitting $12.12. 142,486 shares of the company's stock were exchanged, compared to its average volume of 100,060. inTEST Co. has a 12-month low of $10.66 and a 12-month high of $27.17. The firm has a 50 day moving average price of $11.83 and a two-hundred day moving average price of $12.69. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.70 and a current ratio of 3.53. The stock has a market cap of $147.38 million, a P/E ratio of 14.26 and a beta of 1.97.

inTEST (NYSE:INTT - Get Free Report) last issued its quarterly earnings results on Wednesday, March 27th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. inTEST had a return on equity of 13.46% and a net margin of 8.02%. The company had revenue of $27.88 million during the quarter, compared to analysts' expectations of $32.70 million. As a group, equities research analysts expect that inTEST Co. will post 1.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded inTEST from a "buy" rating to a "hold" rating in a research note on Saturday, April 6th.

Institutional Trading of inTEST

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. lifted its holdings in shares of inTEST by 329.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,579 shares of the company's stock valued at $92,000 after buying an additional 1,979 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of inTEST by 12.2% in the 1st quarter. Bank of New York Mellon Corp now owns 69,087 shares of the company's stock valued at $741,000 after buying an additional 7,530 shares during the period. Vanguard Group Inc. lifted its holdings in shares of inTEST by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 470,599 shares of the company's stock valued at $5,049,000 after buying an additional 38,184 shares during the period. Engineers Gate Manager LP lifted its holdings in shares of inTEST by 21.1% in the 1st quarter. Engineers Gate Manager LP now owns 17,418 shares of the company's stock valued at $187,000 after buying an additional 3,030 shares during the period. Finally, State Street Corp lifted its holdings in shares of inTEST by 8.7% in the 1st quarter. State Street Corp now owns 35,252 shares of the company's stock valued at $378,000 after buying an additional 2,810 shares during the period. Institutional investors and hedge funds 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.