Geode Capital Management LLC Buys 8,161 Shares of inTEST Co. (NYSE:INTT)

Geode Capital Management LLC raised its stake in shares of inTEST Co. (NYSE:INTT) by 6.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 131,106 shares of the company’s stock after acquiring an additional 8,161 shares during the quarter. Geode Capital Management LLC’s holdings in inTEST were worth $957,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTT. XTX Topco Ltd acquired a new stake in shares of inTEST in the third quarter valued at $120,000. Redwood Wealth Management Group LLC acquired a new stake in shares of inTEST in the second quarter valued at $132,000. American Century Companies Inc. acquired a new stake in shares of inTEST in the second quarter valued at $145,000. Federated Hermes Inc. acquired a new stake in shares of inTEST in the second quarter valued at $436,000. Finally, Bard Associates Inc. increased its position in inTEST by 2.1% in the third quarter. Bard Associates Inc. now owns 199,170 shares of the company’s stock worth $1,454,000 after purchasing an additional 4,105 shares during the period. 63.18% of the stock is owned by institutional investors.

inTEST Price Performance

Shares of INTT stock opened at $8.64 on Friday. The stock has a 50-day moving average price of $7.97 and a 200 day moving average price of $8.06. 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 firm has a market cap of $106.92 million, a price-to-earnings ratio of 37.57 and a beta of 1.85. inTEST Co. has a 12 month low of $6.28 and a 12 month high of $14.35.

inTEST (NYSE:INTT) last issued its earnings results on Friday, November 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. inTEST had a return on equity of 5.31% and a net margin of 2.33%. The firm had revenue of $30.27 million for the quarter, compared to analysts’ expectations of $32.97 million. Research analysts expect that inTEST Co. will post 0.41 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Northland Capmk upgraded inTEST from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 2nd. Northland Securities lifted their price objective on inTEST from $13.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday.

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.