inTEST (NYSE:INTT) Shares Down 3.4% – Should You Sell?

inTEST Co. (NYSE:INTT)’s stock price traded down 3.4% during mid-day trading on Monday . The stock traded as low as $8.51 and last traded at $8.58. 59,043 shares were traded during trading, an increase of 8% from the average session volume of 54,590 shares. The stock had previously closed at $8.88.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on INTT. Lake Street Capital restated a “buy” rating on shares of inTEST in a research note on Thursday, November 6th. Zacks Research downgraded shares of inTEST from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.00.

inTEST Trading Down 3.4%

The firm has a 50 day moving average of $7.84 and a 200 day moving average of $7.72. The firm has a market cap of $107.10 million, a PE ratio of 37.31 and a beta of 1.60. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.08.

Insiders Place Their Bets

In other inTEST news, Director Gerald J. Maginnis bought 6,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was purchased at an average price of $7.44 per share, for a total transaction of $44,640.00. Following the completion of the transaction, the director directly owned 84,057 shares of the company’s stock, valued at $625,384.08. This trade represents a 7.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On inTEST

Several hedge funds and other institutional investors have recently modified their holdings of INTT. AMH Equity Ltd grew its stake in inTEST by 38.1% during the second quarter. AMH Equity Ltd now owns 163,000 shares of the company’s stock valued at $1,187,000 after acquiring an additional 45,010 shares in the last quarter. Franklin Resources Inc. bought a new position in inTEST in the 3rd quarter valued at $146,000. Vanguard Group Inc. grew its position in shares of inTEST by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 765,302 shares of the company’s stock valued at $5,977,000 after purchasing an additional 11,561 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of inTEST by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 517,962 shares of the company’s stock worth $3,771,000 after purchasing an additional 2,907 shares during the period. Finally, Jane Street Group LLC raised its position in shares of inTEST by 28.4% in the first quarter. Jane Street Group LLC now owns 40,643 shares of the company’s stock worth $284,000 after buying an additional 8,999 shares in the last quarter. 63.18% of the stock is currently owned by institutional investors.

About inTEST

inTEST Corporation (NYSE: INTT) is a developer and manufacturer of precision instrumentation and test solutions designed for the semiconductor, microelectronics and related manufacturing industries. The company’s offerings focus on thermal management and instrument interface technologies that support the environmental conditioning and electrical performance evaluation of devices under test. These solutions include temperature controllers and cyclers, thermal subsystems, load boards, connectors and custom test interfaces engineered to accelerate reliability testing, product qualification and high-volume production measurement.

Serving customers across North America, Europe and Asia, inTEST supports semiconductor fabs, assembly and packaging facilities, research laboratories and OEM equipment builders.