Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for inTest Corp (NYSEAMERICAN: INTT) weakened of late. INTT’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 8/9/24, inTest Corp (NYSEAMERICAN: INTT) stock declined by -2.8%, closing at $6.69. However, below average trading volume at 67% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -33.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, INTT is expected to continue to be a modest Value Builder.
inTest has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. inTest has a neutral Appreciation Score of 54 but a poor Power Rating of 30, with the Negative Value Trend Rating the result.
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