inTEST Co. (NYSEAMERICAN:INTT – Get Rating) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 77,100 shares, a growth of 5.9% from the October 15th total of 72,800 shares. Based on an average daily trading volume, of 37,300 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.7% of the company’s stock are sold short.
Insider Buying and Selling at inTEST
In other inTEST news, CEO Richard N. Jr. Grant sold 4,153 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $9.26, for a total transaction of $38,456.78. Following the sale, the chief executive officer now owns 182,284 shares in the company, valued at $1,687,949.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.10% of the stock is currently owned by insiders.
Institutional Investors Weigh In On inTEST
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pacific Ridge Capital Partners LLC lifted its position in shares of inTEST by 7.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 825,032 shares of the semiconductor company’s stock valued at $5,627,000 after acquiring an additional 54,418 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of inTEST by 2.3% during the 2nd quarter. Renaissance Technologies LLC now owns 736,137 shares of the semiconductor company’s stock valued at $5,020,000 after acquiring an additional 16,300 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of inTEST by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 470,599 shares of the semiconductor company’s stock valued at $5,049,000 after acquiring an additional 38,184 shares during the last quarter. Bard Associates Inc. lifted its position in shares of inTEST by 2.7% during the 2nd quarter. Bard Associates Inc. now owns 258,470 shares of the semiconductor company’s stock valued at $1,763,000 after acquiring an additional 6,800 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of inTEST by 135.4% during the 1st quarter. First Eagle Investment Management LLC now owns 147,020 shares of the semiconductor company’s stock valued at $1,578,000 after acquiring an additional 84,570 shares during the last quarter. Institutional investors and hedge funds own 48.47% of the company’s stock.
Analyst Upgrades and Downgrades
inTEST Price Performance
Shares of INTT stock opened at $9.99 on Friday. inTEST has a 12-month low of $6.07 and a 12-month high of $17.00. The company has a market capitalization of $110.09 million, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 0.89 and a beta of 1.91.
inTEST (NYSEAMERICAN:INTT – Get Rating) last issued its quarterly earnings results on Friday, November 4th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The firm had revenue of $30.77 million during the quarter. inTEST had a return on equity of 15.85% and a net margin of 8.55%. Equities research analysts forecast that inTEST will post 1.17 EPS for the current fiscal year.
inTEST Corporation supplies test and process solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through two segments, Thermal Products (Thermal) and Electromechanical Semiconductor Products (EMS).
- Get a free copy of the StockNews.com research report on inTEST (INTT)
- Does ASML’s November Rally Have Staying Power?
- Verra Mobility Stock Has Returned Back to the Station
- Is Advance Auto Parts a Buy After its Earnings Crash?
- BJ’s Wholesale Club: Beware The Sell-Side
- The Next Catalyst For Mullen Automotive Stock Is December 23rd
Receive News & Ratings for inTEST Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for inTEST and related companies with MarketBeat.com's FREE daily email newsletter.