Richard N. Jr. Grant Sells 2,688 Shares of inTEST Co. (NYSE:INTT) Stock

inTEST Co. (NYSE:INTT) CEO Richard N. Jr. Grant sold 2,688 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $7.48, for a total value of $20,106.24. Following the completion of the transaction, the chief executive officer now directly owns 162,241 shares of the company’s stock, valued at $1,213,562.68. This represents a 1.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

inTEST Stock Performance

inTEST stock opened at $7.80 on Thursday. The company has a market cap of $96.53 million, a PE ratio of 33.91 and a beta of 1.90. inTEST Co. has a 12 month low of $6.28 and a 12 month high of $14.35. The company has a fifty day moving average price of $8.52 and a two-hundred day moving average price of $7.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.26 and a quick ratio of 1.38.

inTEST (NYSE:INTT) last announced its quarterly earnings data on Friday, March 7th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. inTEST had a net margin of 2.33% and a return on equity of 5.31%. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Research analysts expect that inTEST Co. will post 0.41 earnings per share for the current year.

Institutional Trading of inTEST

Several hedge funds have recently made changes to their positions in INTT. Royce & Associates LP increased its position in inTEST by 17.5% in the fourth quarter. Royce & Associates LP now owns 1,433,099 shares of the company’s stock worth $12,310,000 after buying an additional 213,942 shares during the period. First Eagle Investment Management LLC increased its stake in shares of inTEST by 2.9% in the fourth quarter. First Eagle Investment Management LLC now owns 602,608 shares of the company’s stock valued at $5,176,000 after purchasing an additional 16,744 shares during the period. Pacific Ridge Capital Partners LLC raised its holdings in shares of inTEST by 6.6% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 582,483 shares of the company’s stock valued at $5,004,000 after buying an additional 36,031 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of inTEST by 43.2% during the fourth quarter. Ameriprise Financial Inc. now owns 493,524 shares of the company’s stock worth $4,239,000 after buying an additional 148,784 shares during the period. Finally, CM Management LLC increased its position in inTEST by 4.3% in the 4th quarter. CM Management LLC now owns 365,000 shares of the company’s stock valued at $3,135,000 after acquiring an additional 15,000 shares during the period. Institutional investors own 63.18% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on INTT shares. Northland Capmk upgraded shares of inTEST from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 2nd. Northland Securities boosted their target price on shares of inTEST from $13.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th.

About inTEST

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.