Aehr Test Systems (AEHR) Announces Quarterly Earnings, Beats Expectations By $0.06 EPS
Aehr Test Systems (NASDAQ:AEHR) posted its quarterly earnings results on Thursday. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.08) by $0.06, StockRatingsNetwork reports. The company had revenue of $3.80 million for the quarter, compared to the consensus estimate of $3.30 million.
On a related note, analysts at Thomson Reuters/Verus upgraded shares of Aehr Test Systems (NASDAQ:AEHR) from a “hold” rating to a “buy” rating in a research note to investors on Monday, August 26th.
Aehr Test Systems (NASDAQ:AEHR) traded down 2.05% during mid-day trading on Thursday, hitting $1.91. The stock had a trading volume of 29,887 shares. Aehr Test Systems has a 52 week low of $0.66 and a 52 week high of $2.05. The stock’s 50-day moving average is $1.72 and its 200-day moving average is $1.37. The company’s market cap is $20.4 million.
Aehr Test Systems develops, manufactures and sells systems, which is designed to reduce the cost of testing and to perform reliability screening, or burn-in, of complex logic and memory devices.
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