Aehr Test Systems (NASDAQ:AEHR) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Aehr Test Systems (NASDAQ:AEHR)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.59 and traded as high as $15.17. Aehr Test Systems shares last traded at $15.13, with a volume of 686,579 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Saturday, October 5th.

Aehr Test Systems Stock Performance

The stock has a market capitalization of $448.32 million, a price-to-earnings ratio of 15.44 and a beta of 1.94. The firm’s 50 day moving average is $13.03 and its 200-day moving average is $13.59.

Aehr Test Systems (NASDAQ:AEHR) last released its earnings results on Thursday, October 10th. The semiconductor company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. Aehr Test Systems had a return on equity of 29.31% and a net margin of 49.63%. The business had revenue of $13.12 million for the quarter, compared to the consensus estimate of $11.90 million. As a group, sell-side analysts forecast that Aehr Test Systems will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Aehr Test Systems

A number of large investors have recently modified their holdings of the business. nVerses Capital LLC purchased a new stake in Aehr Test Systems during the 2nd quarter valued at about $25,000. Truvestments Capital LLC purchased a new stake in shares of Aehr Test Systems in the third quarter valued at approximately $36,000. Quarry LP acquired a new stake in shares of Aehr Test Systems in the third quarter valued at approximately $41,000. Quest Partners LLC purchased a new position in Aehr Test Systems during the second quarter worth approximately $47,000. Finally, US Bancorp DE purchased a new stake in Aehr Test Systems in the 3rd quarter valued at $77,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.