Aehr Test Systems (AEHR) Posts Quarterly Earnings Results

Aehr Test Systems (NASDAQ:AEHR) issued its quarterly earnings data on Thursday. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, Yahoo Finance reports. The business had revenue of $7.92 million during the quarter, compared to the consensus estimate of $7.11 million. Aehr Test Systems had a negative return on equity of 26.85% and a negative net margin of 13.92%.

Shares of Aehr Test Systems (AEHR) traded up $0.08 during midday trading on Friday, hitting $3.23. The stock had a trading volume of 612,220 shares, compared to its average volume of 262,436. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.64 and a current ratio of 3.76. The firm has a market capitalization of $71.35, a P/E ratio of -11.14, a PEG ratio of 5.25 and a beta of 0.84. Aehr Test Systems has a fifty-two week low of $2.15 and a fifty-two week high of $6.10.

In other Aehr Test Systems news, insider Gayn Erickson sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $3.40, for a total value of $68,000.00. Following the completion of the sale, the insider now directly owns 341,063 shares in the company, valued at $1,159,614.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William W. R. Elder sold 28,168 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $3.51, for a total value of $98,869.68. Following the completion of the sale, the director now owns 28,744 shares of the company’s stock, valued at $100,891.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,128 shares of company stock valued at $275,073. Insiders own 21.90% of the company’s stock.

An institutional investor recently raised its position in Aehr Test Systems stock. Vanguard Group Inc. boosted its position in Aehr Test Systems (NASDAQ:AEHR) by 45.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 493,399 shares of the semiconductor company’s stock after purchasing an additional 153,816 shares during the period. Vanguard Group Inc. owned approximately 2.59% of Aehr Test Systems worth $1,851,000 as of its most recent SEC filing. 27.16% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on AEHR shares. Zacks Investment Research upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research report on Wednesday, November 22nd. ValuEngine downgraded Aehr Test Systems from a “hold” rating to a “sell” rating in a research report on Friday, October 27th.

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Aehr Test Systems Company Profile

Aehr Test Systems is engaged in the designing, manufacturing and marketing of advanced test and burn-in products to the semiconductor manufacturing industry. The Company manufactures and markets full wafer contact test systems, test during burn-in systems, test fixtures, die carriers and related accessories.

Earnings History for Aehr Test Systems (NASDAQ:AEHR)

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