inTEST (INTT) Downgraded by TheStreet to “C”

TheStreet downgraded shares of inTEST (NYSEAMERICAN:INTT) from a b rating to a c rating in a report published on Friday.

Separately, Zacks Investment Research cut shares of inTEST from a buy rating to a hold rating in a research report on Wednesday, July 25th.

Shares of INTT stock remained flat at $$6.85 on Friday. 6,945 shares of the company traded hands, compared to its average volume of 57,206. inTEST has a fifty-two week low of $5.75 and a fifty-two week high of $9.79.

inTEST (NYSEAMERICAN:INTT) last posted its quarterly earnings data on Thursday, November 1st. The semiconductor company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.05. The firm had revenue of $20.16 million for the quarter.

Several hedge funds have recently bought and sold shares of INTT. Macquarie Group Ltd. lifted its holdings in shares of inTEST by 114.6% in the second quarter. Macquarie Group Ltd. now owns 45,913 shares of the semiconductor company’s stock worth $335,000 after acquiring an additional 24,521 shares during the last quarter. Bailard Inc. bought a new position in shares of inTEST in the second quarter worth about $409,000. Acadian Asset Management LLC lifted its holdings in shares of inTEST by 18.3% in the second quarter. Acadian Asset Management LLC now owns 63,455 shares of the semiconductor company’s stock worth $463,000 after acquiring an additional 9,805 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of inTEST by 99.7% in the first quarter. JPMorgan Chase & Co. now owns 76,025 shares of the semiconductor company’s stock worth $506,000 after acquiring an additional 37,953 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in shares of inTEST in the second quarter worth about $1,127,000.

About inTEST

inTEST Corporation designs, manufactures, and markets thermal management products and semiconductor automated test equipment interface solutions worldwide. The company operates in two segments, Thermal Products (Thermal) and Electromechanical Semiconductor Products (EMS). The Thermal segment offers ThermoStream temperature management tools, MobileTemp systems, ThermoChambers, Thermal Platforms, ThermoChuck precision vacuum platform assemblies, Thermonics temperature conditioning products, and EKOHEAT and EASYHEAT induction heating systems.

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