Walleye Capital LLC Makes New Investment in inTEST Co. $INTT

Walleye Capital LLC bought a new position in shares of inTEST Co. (NYSE:INTT) in the first quarter, HoldingsChannel reports. The institutional investor bought 69,815 shares of the company’s stock, valued at approximately $953,000.

Several other large investors have also made changes to their positions in INTT. Jane Street Group LLC acquired a new stake in shares of inTEST during the fourth quarter worth $88,000. Globeflex Capital L P bought a new position in inTEST during the fourth quarter worth about $121,000. Squarepoint Ops LLC acquired a new position in shares of inTEST during the 3rd quarter worth about $127,000. Franklin Resources Inc. acquired a new position in shares of inTEST during the 3rd quarter worth about $146,000. Finally, Daytona Street Capital LLC bought a new stake in shares of inTEST in the 4th quarter valued at about $149,000. Institutional investors and hedge funds own 63.18% of the company’s stock.

inTEST Price Performance

Shares of INTT opened at $13.78 on Friday. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08. The company’s fifty day simple moving average is $16.41 and its 200 day simple moving average is $14.05. inTEST Co. has a 1-year low of $6.63 and a 1-year high of $20.00. The company has a market cap of $173.15 million, a price-to-earnings ratio of 59.92 and a beta of 1.47.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of inTEST from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $19.00.

inTEST Company Profile

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.