Stock Rating Upgrade
The Value Trend Rating for inTest Corp (NYSEAMERICAN: INTT) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
inTest Corp (NYSEAMERICAN: INTT) stock closed at $10.96 on 5/1/24 after a decline of -2.8%. This decline was accompanied by normal trading volume. Relative to the market the stock has been extremely weak over the last nine months and has declined -0.8% during the last week.
Current PriceTarget Research Rating
INTT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
inTest has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. inTest has a neutral Appreciation Score of 58 and a slightly negative Power Rating of 35, resulting in the Low Neutral Value Trend Rating.
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