inTEST (NYSE:INTT) Shares Down 1.6% – Here’s What Happened

inTEST Co. (NYSE:INTT) was down 1.6% during mid-day trading on Thursday . The company traded as low as $9.78 and last traded at $10.05. Approximately 25,520 shares changed hands during trading, a decline of 53% from the average daily volume of 54,746 shares. The stock had previously closed at $10.21.

Analyst Ratings Changes

Separately, Lake Street Capital restated a “buy” rating on shares of inTEST in a report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.00.

inTEST Trading Down 1.6%

The company has a debt-to-equity ratio of 0.08, a current ratio of 2.26 and a quick ratio of 1.38. The firm has a market cap of $125.45 million, a PE ratio of 43.70 and a beta of 1.65. The business has a 50-day moving average price of $8.64 and a two-hundred day moving average price of $8.04.

Institutional Trading of inTEST

Several large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in inTEST during the fourth quarter valued at $88,000. Globeflex Capital L P bought a new stake in inTEST in the fourth quarter worth $121,000. Squarepoint Ops LLC acquired a new position in inTEST during the third quarter worth $127,000. Franklin Resources Inc. acquired a new stake in shares of inTEST in the third quarter worth about $146,000. Finally, Daytona Street Capital LLC acquired a new stake in shares of inTEST in the fourth quarter worth about $149,000. 63.18% of the stock is owned by institutional investors and hedge funds.

inTEST Company Profile

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.