Aehr Test Systems (NASDAQ:AEHR) Share Price Crosses Above 200 Day Moving Average of $1.61

Shares of Aehr Test Systems (NASDAQ:AEHR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.61 and traded as high as $1.93. Aehr Test Systems shares last traded at $1.93, with a volume of 125 shares changing hands.

The business has a fifty day simple moving average of $1.87 and a two-hundred day simple moving average of $1.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.03 and a quick ratio of 2.00.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings results on Thursday, October 3rd. The semiconductor company reported ($0.02) EPS for the quarter. Aehr Test Systems had a negative net margin of 18.92% and a negative return on equity of 16.42%. The business had revenue of $5.53 million for the quarter.

In other Aehr Test Systems news, Director Mario M. Rosati sold 41,918 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $1.67, for a total transaction of $70,003.06. Following the completion of the sale, the director now directly owns 35,619 shares of the company’s stock, valued at $59,483.73. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 46,782 shares of company stock valued at $78,923 over the last 90 days. 16.30% of the stock is currently owned by company insiders.

An institutional investor recently raised its position in Aehr Test Systems stock. BlackRock Inc. grew its holdings in shares of Aehr Test Systems (NASDAQ:AEHR) by 14.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,935 shares of the semiconductor company’s stock after acquiring an additional 8,580 shares during the period. BlackRock Inc. owned about 0.30% of Aehr Test Systems worth $112,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 25.09% 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 worldwide. 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.

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