Aehr Test Systems (NASDAQ:AEHR) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $1.30. Aehr Test Systems shares last traded at $1.30, with a volume of 300 shares traded.
The firm has a 50-day moving average price of $1.49 and a 200 day moving average price of $1.53.
Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $0.01 EPS for the quarter. Aehr Test Systems had a negative return on equity of 21.83% and a negative net margin of 24.86%. The business had revenue of $7.24 million during the quarter.
In other news, insider Kunio Sano sold 20,000 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $1.56, for a total value of $31,200.00. Following the sale, the insider now directly owns 20,000 shares in the company, valued at $31,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gayn Erickson sold 40,000 shares of the stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $1.42, for a total value of $56,800.00. Following the completion of the sale, the chief executive officer now owns 531,015 shares in the company, valued at $754,041.30. The disclosure for this sale can be found here. Company insiders own 18.30% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in AEHR. B. Riley Financial Inc. raised its stake in shares of Aehr Test Systems by 192.7% in the first quarter. B. Riley Financial Inc. now owns 673,096 shares of the semiconductor company’s stock valued at $929,000 after acquiring an additional 443,096 shares in the last quarter. Essex Investment Management Co. LLC raised its stake in shares of Aehr Test Systems by 72.6% in the second quarter. Essex Investment Management Co. LLC now owns 269,438 shares of the semiconductor company’s stock valued at $445,000 after acquiring an additional 113,326 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Aehr Test Systems by 14.5% in the second quarter. BlackRock Inc. now owns 67,935 shares of the semiconductor company’s stock valued at $112,000 after acquiring an additional 8,580 shares in the last quarter. Institutional investors and hedge funds own 27.35% of the company’s stock.
Aehr Test Systems Company Profile (NASDAQ:AEHR)
Aehr Test Systems primarily designs, engineers, manufactures, and sells test and burn-in equipment for use in the semiconductor industry worldwide. It provides full wafer contact test systems, test during burn-in systems, test fixtures, and related accessories. The company offers Advanced Burn-in and Test System family of packaged part burn-in and test systems, which perform test during burn-in of complex devices, such as digital signal processors, microprocessors, microcontrollers, and systems-on-a-chip, as well as individual temperature control for high-power advanced logic devices.
Recommended Story: Return On Assets
Receive News & Ratings for Aehr Test Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aehr Test Systems and related companies with MarketBeat.com's FREE daily email newsletter.