inTEST (INTT) Downgraded to C at TheStreet

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

Separately, Zacks Investment Research lowered inTEST from a buy rating to a hold rating in a research note on Thursday, October 4th.

inTEST stock remained flat at $$6.85 during mid-day trading on Friday. The company’s stock had a trading volume of 6,945 shares, compared to its average volume of 57,206. inTEST has a 1 year low of $5.75 and a 1 year high of $9.79.

inTEST (NYSEAMERICAN:INTT) last announced its earnings results on Thursday, November 1st. The semiconductor company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.05. The business had revenue of $20.16 million during the quarter.

A number of institutional investors have recently bought and sold shares of the stock. Cadence Capital Management LLC bought a new position in inTEST in the third quarter valued at about $1,680,000. Macquarie Group Ltd. boosted its holdings in inTEST by 114.6% in the second quarter. Macquarie Group Ltd. now owns 45,913 shares of the semiconductor company’s stock valued at $335,000 after acquiring an additional 24,521 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in inTEST by 2.2% in the second quarter. Renaissance Technologies LLC now owns 846,500 shares of the semiconductor company’s stock valued at $6,179,000 after acquiring an additional 17,900 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in inTEST by 9.3% in the second quarter. Dimensional Fund Advisors LP now owns 607,983 shares of the semiconductor company’s stock valued at $4,438,000 after acquiring an additional 51,699 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in inTEST by 3.2% in the second quarter. BlackRock Inc. now owns 553,929 shares of the semiconductor company’s stock valued at $4,044,000 after acquiring an additional 17,388 shares during the last quarter.

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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