Aehr Test Systems (AEHR) Coverage Initiated at Craig Hallum
Equities research analysts at Craig Hallum started coverage on shares of Aehr Test Systems (NASDAQ:AEHR) in a research report issued on Monday. The firm set a “buy” rating and a $5.00 price target on the stock. Craig Hallum’s price objective points to a potential upside of 70.07% from the stock’s current price.
Aehr Test Systems (NASDAQ:AEHR) opened at 2.94 on Monday. Aehr Test Systems has a 12-month low of $0.95 and a 12-month high of $3.42. The stock’s 50 day moving average price is $2.55 and its 200-day moving average price is $1.78. The firm’s market cap is $39.15 million.
Aehr Test Systems (NASDAQ:AEHR) last posted its quarterly earnings data on Thursday, September 29th. The company reported ($0.04) earnings per share for the quarter. The firm 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 other news, insider Gayn Erickson sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $2.90, for a total value of $58,000.00. Following the sale, the insider now directly owns 338,469 shares of the company’s stock, valued at approximately $981,560.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company 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.
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