inTest Corporation (INTT) saw its shares surge 9.2% on October 10, closing at $16.80. This increase was fueled by strong trading volume, significantly higher than average. Over the past month, INTT has gained 8% amidst a robust backlog and growth in non-semiconductor markets.
The company is projected to report quarterly earnings of $0.08 per share, reflecting a year-over-year increase of 172.7%. Revenue expectations stand at $31.8 million, representing a 19.4% rise from the previous year. Additionally, over the last 30 days, the consensus EPS estimate was revised 125% higher, often indicating future price appreciation.
inTest currently holds a Zacks Rank of #2 (Buy). In comparison, Camtek Ltd. (CAMT) also in the Electronics – Measuring Instruments industry, ended the trading session up 0.6% at $180.63.
