inTEST Co. (NYSE:INTT) Director Gerald J. Maginnis Purchases 7,557 Shares

inTEST Co. (NYSE:INTT) Director Gerald J. Maginnis purchased 7,557 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $5.78 per share, for a total transaction of $43,679.46. Following the completion of the transaction, the director now directly owns 78,057 shares of the company’s stock, valued at approximately $451,169.46. This trade represents a 10.72 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

inTEST Stock Performance

Shares of NYSE INTT opened at $6.41 on Friday. The stock has a market cap of $80.09 million, a PE ratio of 27.87 and a beta of 1.63. inTEST Co. has a 1 year low of $5.24 and a 1 year high of $11.92. The firm has a fifty day moving average price of $6.70 and a 200-day moving average price of $7.65. 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 issued its quarterly earnings results on Friday, May 2nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). inTEST had a return on equity of 5.31% and a net margin of 2.33%. During the same period in the previous year, the business posted $0.10 earnings per share. Equities analysts anticipate that inTEST Co. will post 0.41 earnings per share for the current fiscal year.

Institutional Trading of inTEST

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP grew its holdings in inTEST by 2.4% during the 1st quarter. Royce & Associates LP now owns 1,467,649 shares of the company’s stock valued at $10,259,000 after buying an additional 34,550 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of inTEST by 2.9% during the fourth quarter. First Eagle Investment Management LLC now owns 602,608 shares of the company’s stock worth $5,176,000 after acquiring an additional 16,744 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its stake in 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 acquiring an additional 36,031 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in inTEST by 43.2% in the 4th quarter. Ameriprise Financial Inc. now owns 493,524 shares of the company’s stock valued at $4,239,000 after acquiring an additional 148,784 shares during the last quarter. Finally, CM Management LLC lifted its stake in inTEST by 4.3% in the 4th quarter. CM Management LLC now owns 365,000 shares of the company’s stock worth $3,135,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors own 63.18% of the company’s stock.

Wall Street Analysts Forecast Growth

INTT has been the topic of a number of recent research reports. Northland Capmk cut inTEST from a “strong-buy” rating to a “hold” rating in a report on Monday. Lake Street Capital decreased their price objective on inTEST from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday.

inTEST Company Profile

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.