inTEST Corporation, a global supplier of cutting-edge test and process technology solutions for various key industries, including automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor, has announced its forthcoming inclusion in the Russell 2000® and Russell 3000 Indexes. This significant achievement is set to take effect on June 26, 2023, marking an important milestone for the company.
With its listing on the NYSE American exchange under the ticker symbol “INTT,” inTEST Corporation has demonstrated its commitment to delivering innovative solutions and maintaining a strong presence in the market. The company’s inclusion in the Russell 3000® Index, along with the small-cap Russell 2000® Index, will enhance its visibility among the investment community and further boost the liquidity of its stock.
Nick Grant, President and CEO of inTEST Corporation, expressed his satisfaction with the company’s addition to the esteemed Russell indexes. He commented, “We are pleased to be added to the Russell 3000® index as recognition of our growth driven by the effective execution of our Five-Point Strategy. We believe inclusion in the Russell indexes will provide greater exposure to the investment community and increased liquidity in our stock.”
Membership in the all-cap Russell 3000 Index, which remains in effect for one year, guarantees automatic inclusion in the small-cap Russell 2000 Index, as well as the appropriate growth and value style indexes. The annual reconstitution of the Russell indexes selects the largest U.S. stocks based on market capitalization, making it a significant benchmark for investors and investment managers.
The Russell indexes, widely used by institutional investors and investment managers for index funds and as benchmarks for active investment strategies, hold immense influence in the financial industry. With approximately $12.1 trillion in assets benchmarked against Russell’s US indexes, this recognition solidifies inTEST Corporation’s standing and opens doors to potential growth opportunities.
Russell indexes are a part of FTSE Russell, a leading global index provider known for its comprehensive and reliable indices. The inclusion of inTEST Corporation in these prominent indexes highlights the company’s achievements, market position, and its potential for continued success in the evolving landscape of the industries it serves.
As inTEST Corporation prepares to join the Russell 2000 and 3000 Indexes, it is poised to capture the attention of investors and benefit from increased market exposure. This notable milestone reinforces the company’s commitment to driving growth, innovation, and shareholder value while strengthening its position as a global leader in test and process technology solutions.
