Insider Selling: inTEST Co. (NYSE:INTT) CEO Sells $20,106.24 in Stock

inTEST Co. (NYSE:INTT) CEO Richard N. Jr. Grant sold 2,688 shares of inTEST stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $7.48, for a total transaction of $20,106.24. Following the completion of the sale, the chief executive officer now owns 162,241 shares of the company’s stock, valued at $1,213,562.68. This trade represents a 1.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

inTEST Trading Down 1.5 %

Shares of INTT stock opened at $7.75 on Friday. inTEST Co. has a 12 month low of $6.28 and a 12 month high of $14.35. The company has a market cap of $95.91 million, a PE ratio of 33.70 and a beta of 1.90. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $8.47 and its two-hundred day moving average is $7.79.

inTEST (NYSE:INTT) last posted its earnings results on Friday, March 7th. The company reported $0.23 earnings per share (EPS) 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 period last year, the firm posted $0.16 EPS. Equities analysts predict that inTEST Co. will post 0.41 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On inTEST

Hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in shares of inTEST during the 3rd quarter worth about $120,000. Jane Street Group LLC lifted its holdings in shares of inTEST by 9.0% during the fourth quarter. Jane Street Group LLC now owns 31,644 shares of the company’s stock worth $272,000 after buying an additional 2,602 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of inTEST by 42.1% in the third quarter. JPMorgan Chase & Co. now owns 37,481 shares of the company’s stock valued at $274,000 after acquiring an additional 11,102 shares during the period. Northern Trust Corp grew its stake in shares of inTEST by 8.2% in the fourth quarter. Northern Trust Corp now owns 40,328 shares of the company’s stock worth $346,000 after acquiring an additional 3,048 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in inTEST by 208.9% during the fourth quarter. Russell Investments Group Ltd. now owns 43,543 shares of the company’s stock worth $374,000 after acquiring an additional 29,445 shares during the period. 63.18% of the stock is owned by institutional investors and hedge funds.

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.