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

inTEST Co. (NYSE:INTT) CEO Richard Jr. Grant sold 1,636 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $14.28, for a total transaction of $23,362.08. Following the completion of the sale, the chief executive officer owned 212,730 shares in the company, valued at approximately $3,037,784.40. The trade was a 0.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

inTEST Stock Performance

NYSE:INTT traded down $0.22 during trading hours on Wednesday, hitting $14.24. 64,540 shares of the company traded hands, compared to its average volume of 95,720. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08. inTEST Co. has a twelve month low of $5.24 and a twelve month high of $15.14. The firm has a 50-day moving average of $10.45 and a 200 day moving average of $8.75. The stock has a market capitalization of $177.76 million, a price-to-earnings ratio of 61.92 and a beta of 1.58.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

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

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.