Aehr Test Systems (NASDAQ:AEHR) Shares Cross Above 200 Day Moving Average of $2.16

Aehr Test Systems (NASDAQ:AEHR) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.16 and traded as high as $2.20. Aehr Test Systems shares last traded at $2.19, with a volume of 129,299 shares traded.

Separately, TheStreet downgraded shares of Aehr Test Systems from a “c-” rating to a “d” rating in a report on Friday, January 8th.

The stock has a market capitalization of $51.68 million, a price-to-earnings ratio of -10.95 and a beta of 1.31. The company’s fifty day simple moving average is $2.45 and its 200 day simple moving average is $2.16. The company has a quick ratio of 1.18, a current ratio of 3.20 and a debt-to-equity ratio of 0.04.

Aehr Test Systems (NASDAQ:AEHR) last released its earnings results on Wednesday, April 7th. The semiconductor company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Aehr Test Systems had a negative net margin of 33.13% and a negative return on equity of 37.49%.

Several institutional investors and hedge funds have recently modified their holdings of AEHR. Founders Capital Management bought a new stake in Aehr Test Systems in the 4th quarter worth approximately $30,000. International Assets Investment Management LLC purchased a new position in Aehr Test Systems in the 4th quarter worth approximately $25,000. CAPROCK Group Inc. increased its stake in Aehr Test Systems by 91.0% in the 4th quarter. CAPROCK Group Inc. now owns 95,480 shares of the semiconductor company’s stock worth $242,000 after purchasing an additional 45,480 shares during the period. Renaissance Technologies LLC increased its stake in Aehr Test Systems by 28.5% in the 4th quarter. Renaissance Technologies LLC now owns 40,600 shares of the semiconductor company’s stock worth $103,000 after purchasing an additional 9,003 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Aehr Test Systems by 10.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 119,697 shares of the semiconductor company’s stock worth $303,000 after purchasing an additional 10,993 shares during the period. Hedge funds and other institutional investors own 23.96% of the company’s stock.

About Aehr Test Systems (NASDAQ:AEHR)

Aehr Test Systems primarily designs, engineers, manufactures, and sells test and burn-in equipment for use in the semiconductor industry in the United States, Asia, and Europe. 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.

Further Reading: Diversification in Investing

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.