Aehr Test Systems (AEHR) Coverage Initiated by Analysts at Craig Hallum

Craig Hallum started coverage on shares of Aehr Test Systems (NASDAQ:AEHR) in a report issued on Monday morning. The brokerage issued a buy rating and a $5.00 target price on the stock.

Aehr Test Systems (NASDAQ:AEHR) traded down 4.639% on Monday, hitting $2.775. 6,100 shares of the company’s stock traded hands. The stock’s market cap is $36.95 million. The stock has a 50 day moving average price of $2.51 and a 200-day moving average price of $1.77. Aehr Test Systems has a 12 month low of $0.95 and a 12 month high of $3.42.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings data on Thursday, September 29th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $5.30 million for the quarter. Aehr Test Systems had a negative net margin of 59.41% and a negative return on equity of 387.82%.

In related news, insider Gayn Erickson sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $2.82, for a total transaction of $28,200.00. Following the completion of the transaction, the insider now directly owns 347,694 shares in the company, valued at approximately $980,497.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 38.10% of the company’s stock.

About Aehr Test Systems

Aehr Test Systems is a provider of burn-in equipment. The Company manufactures and markets full wafer contact test systems, test during burn-in systems, test fixtures, die carriers and related accessories. The Company’s principal products are the Advanced Burn-In and Test System (ABTS), the FOX full wafer contact parallel test and burn-in systems, the MAX burn-in system, WaferPak full wafer contactor, the DiePak carrier and test fixtures.

5 Day Chart for NASDAQ:AEHR

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