inTEST Corporation Initiates Buy-Back Plan

    Author Samara MalkinPosted on Categories Semiconductors, TechTags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
    inTEST Corporation

    The inTEST Corporation (NYSE:$INTT) Board of Directors initiated a stock repurchase plan for the beginning of November. It allowed the company to buy back $5.00 million in outstanding shares, or 11.3% of its shares, through open-market purchases.

    Typically, a buyback plan such as this indicates that the company believes its shares are undervalued.

    inTEST shares traded down $0.10 during mid-day trading on Friday, capping at $9.30. The trading volume was 99,900 shares, which is better than its average (85,078). The company has a 52-week low of $4.05 and a 52-week high of $10.25.

    Featured Image: Depositphotos/© Alexmit

    Author Samara Malkin
    About the author: Samara graduated from Simon Fraser University with a BA in English, minoring in Publishing and Creative Writing. One day she hopes to publish her very own novel, but in the meantime, she contents herself with blogging and editing. She currently specializes in writing financial news and analysis, as well as cryptocurrency news and information.