Aehr Test Systems (NASDAQ:AEHR) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Aehr Test Systems (NASDAQ:AEHR) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Wall Street Analyst Weigh In

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

Aehr Test Systems Stock Up 7.7 %

The stock’s fifty day simple moving average is $13.08 and its two-hundred day simple moving average is $13.62. The firm has a market cap of $482.69 million, a PE ratio of 16.62 and a beta of 1.94.

Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings results on Thursday, October 10th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $13.12 million for the quarter, compared to the consensus estimate of $11.90 million. On average, equities research analysts anticipate that Aehr Test Systems will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC purchased a new stake in Aehr Test Systems during the 2nd quarter valued at $25,000. Truvestments Capital LLC bought a new stake in shares of Aehr Test Systems in the third quarter worth $36,000. Quarry LP purchased a new stake in Aehr Test Systems during the third quarter valued at $41,000. Quest Partners LLC bought a new position in Aehr Test Systems in the second quarter valued at about $47,000. Finally, US Bancorp DE purchased a new position in Aehr Test Systems in the third quarter worth about $77,000. 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.