inTEST (NYSE:INTT) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

inTEST Co. (NYSE:INTT)’s stock price crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $12.67 and traded as high as $13.63. inTEST shares last traded at $13.37, with a volume of 210,873 shares.

Analyst Upgrades and Downgrades

Separately, Northland Securities set a $17.00 price objective on shares of inTEST in a research note on Tuesday, October 6th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, inTEST has a consensus rating of “Moderate Buy” and an average price target of $18.00.

inTEST Price Performance

The stock has a market cap of $171.48 million, a PE ratio of 58.13 and a beta of 1.53. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $12.67 and its 200-day moving average is $13.89.

Hedge Funds Weigh In On inTEST

Large investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of inTEST during the 2nd quarter valued at about $17,008,000. Bard Associates Inc. purchased a new stake in shares of inTEST during the 2nd quarter worth about $3,827,000. Globeflex Capital L P purchased a new stake in inTEST in the 2nd quarter valued at $2,230,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of inTEST in the first quarter valued at $1,275,000. Finally, Sei Investments Co. acquired a new position in inTEST in the 1st quarter valued at $1,185,000. 63.18% of the stock is currently owned by institutional investors.

About inTEST

inTEST Corporation (NYSE: INTT) develops and manufactures test and process technology solutions used by companies in the semiconductor, automotive, defense and aerospace, telecommunications, consumer electronics, and life sciences industries. Its products and services help customers test, control, and improve manufacturing processes for electronic and other high-precision products.

The company operates through technology areas that include electronic testing, thermal testing and control, and process technologies.