Colliers Securities analyst Richard Ryan maintained a Buy rating on inTEST (INTT – Research Report) today and set a price target of $14.50. The company’s shares closed last Tuesday at $11.80, close to its 52-week high of $12.61.
According to TipRanks.com, Ryan is a 4-star analyst with an average return of 16.7% and a 68.9% success rate. Ryan covers the Technology sector, focusing on stocks such as Allied Motion Technologies, Vishay Precision Group, and Ultra Clean Holdings.
inTEST has an analyst consensus of Moderate Buy, with a price target consensus of $12.75.
Based on inTEST’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $14.88 million and GAAP net loss of $380K. In comparison, last year the company earned revenue of $13.61 million and had a net profit of $724K.
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inTEST Corp. engages in the supply of precision-engineered solutions for manufacturing and testing across a wide range of markets including automotive, defense, aerospace, electronics, fiber optic, machining, medical, telecom and semiconductor. It operates through the Thermal Products and Electromechanical Semiconductor Products (EMS) business segments. The Thermal Products segment designs, manufactures, and markets tester interface products. The EMS segment consists of the manufacturing operations in New Jersey and California. The company maximizes its businesses by identifying, acquiring, and optimizing complementary businesses. inTEST was founded by Stuart F. Daniels, Daniel J. Graham, and Alyn R. Holt in September 1981 and is headquartered in Mansfield, MA.