inTEST Co. (NYSE:INTT – Free Report) – Research analysts at Northland Capmk dropped their FY2023 earnings per share (EPS) estimates for shares of inTEST in a report issued on Monday, November 6th. Northland Capmk analyst E. Jackson now expects that the company will earn $0.98 per share for the year, down from their previous forecast of $1.10. The consensus estimate for inTEST’s current full-year earnings is $1.10 per share.
A number of other equities research analysts have also issued reports on the company. StockNews.com lowered inTEST from a “buy” rating to a “hold” rating in a research note on Tuesday. TheStreet downgraded shares of inTEST from a “b-” rating to a “c+” rating in a report on Monday.
inTEST Trading Down 2.6 %
Shares of INTT stock opened at $11.96 on Tuesday. inTEST has a 52-week low of $8.64 and a 52-week high of $27.17. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.39 and a current ratio of 3.29. The firm has a market capitalization of $145.43 million, a PE ratio of 11.61 and a beta of 2.05. The stock has a fifty day simple moving average of $14.79 and a two-hundred day simple moving average of $17.12.
Institutional Trading of inTEST
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in inTEST by 238.8% in the 2nd quarter. BlackRock Inc. now owns 798,675 shares of the company’s stock worth $20,973,000 after purchasing an additional 562,924 shares during the period. Renaissance Technologies LLC raised its position in inTEST by 2.3% in the 2nd quarter. Renaissance Technologies LLC now owns 736,137 shares of the company’s stock worth $5,020,000 after purchasing an additional 16,300 shares during the period. Dimensional Fund Advisors LP raised its position in inTEST by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 570,592 shares of the company’s stock worth $14,984,000 after purchasing an additional 14,869 shares during the period. Vanguard Group Inc. raised its position in inTEST by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 470,599 shares of the company’s stock worth $5,049,000 after purchasing an additional 38,184 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of inTEST by 56.6% during the second quarter. Acadian Asset Management LLC now owns 239,958 shares of the company’s stock worth $6,300,000 after acquiring an additional 86,687 shares during the period. 53.34% of the stock is owned by hedge funds and other institutional investors.
inTEST Company Profile
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 three segments: Electronic Test, Environmental Technologies, and Process Technologies.
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