() saw a significant increase in short interest during the month of may. On May 15th there were 351,300 short shares, an increase of 6.5% compared to the total of 329 900 shares on April 30th. Presently, 3.4% are shorted. The days-to-cover is currently 1.8 based on an average daily share volume of 194,800.
Stock Performance inTEST
Trading at midday on Wednesday saw a $1.20 decline, bringing the price to $20.60. The company's average trading volume is 159,654. The fifty-day moving price of the stock is $18.75, and its 200 day moving price is $14.01. InTEST's one-year low is $6.07, and its one-year high is $23.54. The company's quick ratio is 1.40, its current ratio is 2.27, and it has a debt to equity ratio of 0.16. The last time ) released quarterly earnings was on Friday, 5th May. The semiconductor company posted $0.29 per share in earnings for the first quarter. This was $0.08 higher than analysts' expectations of $0.21. Revenue for the quarter was $31.92 millions, which is higher than analyst expectations of $30.79. InTEST's return on equity was 20.18% and its net margin was 8.58%. Analysts predict that inTEST's current fiscal year will see 1.14 earnings per common share.
Analyst Upgrades and downgrades
INTT has been the subject of research by several firms. EF Hutton Acquisition Co. In a report published on March 8th, I started covering inTEST. They gave the stock a 'buy rating' and a price target of $22.00. In a report published on Thursday 18th May, inTEST was covered. The stock was given a rating of 'buy'. In a report published on Monday, 8th May, Lake Street Capital raised their price target on inTEST to $26.00 from $19.00.
InTEST: Insiders Buying and selling
Insider Scott Eric Nolen, who is also a member of inTEST, sold 7,597 stock shares in the company on Monday, 15th May. Stock was sold for $160,600.58 at a price of $21.14. After the transaction was completed, the insider owns 23,249 company shares valued at $491,483.86. Insiders control 4.80% of the stock in the company.
Institutional investors weigh in on inTEST
Recently, several hedge funds and institutional investors changed their holdings in the company. Bank of America Corp DE increased its holdings in inTEST during the first quarter by 489.800.0%. Bank of America Corp DE owns now 4,899 shares of semiconductor company stock worth $53,000, after purchasing an additional 4,898 in the last quarter. UBS Group AG increased its holdings in inTEST shares by 28.4% in the first quarter. UBS Group AG owns now 3,748 shares worth $78,000 of the stock of the semiconductor company after purchasing an additional 829 during the period. Advisor Group Holdings Inc. increased its holdings in inTEST shares by 329.8% in the first quarter. Advisor Group Holdings Inc. owns 2,579 of the semiconductor company stock, valued at $92,000. This is after adding 1,979 additional shares. Barclays PLC purchased a new position in inTEST shares during the first quarter, valued at approximately $154,000. Wellington Management Group LLP also acquired a stake in inTEST during the first quarter, valued at approximately $162,000 Currently, hedge funds and institutional investors own 48.87%.
InTEST Company Profile
inTEST Corporation is a provider of precision-engineered products for manufacturing and testing in a variety of industries, including automotive, defense and aerospace, electronics, fiberoptics, machining and medical devices, as well as telecom and semiconductors. It operates under the Thermal Products (TP) and Electromechanical Solution (EMS) business segment.
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