At the last trading session on the 27th of January, the inTEST Corporation’s shares (NYSE American: INTT) closed at $7.73. Price ranged between $7.36 and $7.74 during the day yesterday. Shares of the Company are currently below the price target of $7.08 by 8.41%. The Company has a market cap of $81.55 million.
Test and measurement solutions from inTEST Corporation (NYSE American: INTT)are used by manufacturers and testers in markets such as automotive, defense and aerospace, energy, automotive, semiconductor, and telecommunications. The Company solves challenging thermal, mechanical, and electronic challenges for customers worldwide while generating strong cash flow and profits, backed by decades of engineering expertise and a culture of operational excellence.
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It has been announced that the inTEST Corporation (NYSE American: INTT)production test business, which traditionally accounts for 15-30% of its annual revenue, has continued to experience significant improvement with fourth-quarter 2020 bookings nearly doubling over the third quarter 2020 bookings.
“In our EMS product offerings, propelled by significant industry tailwinds in the automobile, consumer electronics, mobile, mass memory, and IoT markets, we are witnessing strength across the board,” commented Nick Grant, President and CEO of TEST.”On our third quarter 2020 earnings cal,l we noted EMS’s first half of 2020 was characterized by a surge in new orders, which stepped up in the second half, resulting in a 91% increase in EMS’s Q4 bookings versus the previous quarter.”
The price targets for inTEST Corporation (INTT) have been set at $6.00 to $9.35 by three analysts who observe the Company’s shares. It is estimated that the share price will rise by 8.41% by year’s end, implying a potential upside of 8.41%. At the current $6.25, the median price target is -23.68% from the current price. Research analysts don’t always pick winners, but the winners tend to get significant returns.