inTEST (NYSE:INTT) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of inTEST (NYSE:INTT – Free Report) from a strong-buy rating to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Separately, Lake Street Capital lifted their price objective on inTEST from $10.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Get inTEST alerts:

Check Out Our Latest Research Report on inTEST

inTEST Stock Performance

NYSE INTT opened at $17.21 on Wednesday. The firm has a market capitalization of $216.24 million, a P/E ratio of 74.83 and a beta of 1.50. inTEST has a 1-year low of $6.13 and a 1-year high of $20.00. 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 business’s 50-day simple moving average is $16.48 and its 200-day simple moving average is $11.97.

Hedge Funds Weigh In On inTEST

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in inTEST during the 4th quarter worth approximately $88,000. Globeflex Capital L P purchased a new stake in inTEST during the 4th quarter worth $121,000. Squarepoint Ops LLC acquired a new position in inTEST in the 3rd quarter worth $127,000. Franklin Resources Inc. acquired a new position in inTEST in the 3rd quarter worth $146,000. Finally, Daytona Street Capital LLC purchased a new position in inTEST in the 4th quarter valued at about $149,000. 63.18% of the stock is owned by institutional investors and hedge funds.

inTEST Company Profile

(Get Free Report)

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.

Read More

• Five stocks we like better than inTEST
• The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
• Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
• Medtronic Bottoms, Healthy Rebound Ahead
• GitLab’s Price Recovery Gains Traction—Time to Get On Board?

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.