Aehr Test Systems (NASDAQ:AEHR) Stock Price Passes Below 200 Day Moving Average of $11.84

Aehr Test Systems (NASDAQ:AEHRGet Rating)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.84 and traded as low as $7.46. Aehr Test Systems shares last traded at $7.67, with a volume of 4,541 shares traded.

Separately, StockNews.com initiated coverage on shares of Aehr Test Systems in a report on Thursday, March 31st. They set a “hold” rating on the stock.

The stock’s 50-day moving average price is $8.24 and its 200-day moving average price is $11.84. The company has a market capitalization of $206.50 million, a price-to-earnings ratio of 47.94 and a beta of 1.48.

Aehr Test Systems (NASDAQ:AEHRGet Rating) last announced its quarterly earnings data on Thursday, March 31st. The semiconductor company reported $0.11 earnings per share for the quarter. Aehr Test Systems had a net margin of 11.06% and a return on equity of 12.85%. The business had revenue of $15.28 million for the quarter.

In related news, CEO Gayn Erickson sold 5,000 shares of the stock in a transaction on Wednesday, April 6th. The shares were sold at an average price of $9.42, for a total transaction of $47,100.00. Following the completion of the transaction, the chief executive officer now owns 483,764 shares in the company, valued at $4,557,056.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.70% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. McCarthy Asset Management Inc. increased its position in Aehr Test Systems by 100.3% during the first quarter. McCarthy Asset Management Inc. now owns 4,006 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 2,006 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Aehr Test Systems during the 4th quarter valued at approximately $53,000. San Luis Wealth Advisors LLC bought a new stake in shares of Aehr Test Systems during the 1st quarter valued at approximately $62,000. IFP Advisors Inc bought a new stake in shares of Aehr Test Systems during the 4th quarter valued at approximately $66,000. Finally, Citadel Advisors LLC bought a new stake in shares of Aehr Test Systems during the 2nd quarter valued at approximately $74,000. Institutional investors own 41.14% of the company’s stock.

Aehr Test Systems Company Profile (NASDAQ:AEHR)

Aehr Test Systems provides test systems for burning-in and testing logic, optical, and memory integrated circuits worldwide. It offers products, such as the ABTS and FOX-P families of test and burn-in systems and FOX WaferPak Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier, and FOX DiePak Loader.

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