inTEST (NYSE:INTT) CEO Sells $23,362.08 in Stock

inTEST Co. (NYSE:INTT) CEO Richard Jr. Grant sold 1,636 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $14.28, for a total value of $23,362.08. Following the sale, the chief executive officer directly owned 212,730 shares in the company, valued at $3,037,784.40. This trade represents a 0.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

inTEST Stock Down 0.6%

Shares of NYSE INTT opened at $14.03 on Friday. 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 company has a market cap of $175.32 million, a P/E ratio of 61.00 and a beta of 1.58. inTEST Co. has a 52 week low of $5.24 and a 52 week high of $15.14. The business has a 50-day simple moving average of $10.81 and a two-hundred day simple moving average of $8.87.

Wall Street Analyst Weigh In

Separately, Lake Street Capital upped their price target on shares of inTEST from $10.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, inTEST presently has a consensus rating of “Hold” and an average target price of $19.00.

Institutional Trading of inTEST

Large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in shares of inTEST in the fourth quarter worth approximately $88,000. Globeflex Capital L P purchased a new stake in inTEST in the fourth quarter valued at approximately $121,000. Squarepoint Ops LLC bought a new stake in inTEST during the third quarter valued at approximately $127,000. Franklin Resources Inc. bought a new stake in inTEST during the third quarter valued at approximately $146,000. Finally, Daytona Street Capital LLC purchased a new position in inTEST in the 4th quarter worth approximately $149,000. Institutional investors own 63.18% of the company’s stock.

About inTEST

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.