Insider Buying: Aehr Test Systems Director Buys 2,196 Shares of Stock (AEHR)
Aehr Test Systems (NASDAQ:AEHR) Director Howard T. Slayen acquired 2,196 shares of Aehr Test Systems stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average cost of $2.75 per share, with a total value of $6,039.00. Following the completion of the transaction, the director now directly owns 55,000 shares of the company’s stock, valued at approximately $151,250. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Separately, analysts at Thomson Reuters/Verus upgraded shares of Aehr Test Systems from a “hold” rating to a “buy” rating in a research note to investors on Monday.
Aehr Test Systems (NASDAQ:AEHR) traded down 2.52% on Tuesday, hitting $2.71. The stock had a trading volume of 24,378 shares. Aehr Test Systems has a 52-week low of $0.72 and a 52-week high of $3.59. The stock’s 50-day moving average is $2.86 and its 200-day moving average is $2.27. The company’s market cap is $29.3 million.
Aehr Test Systems (NASDAQ:AEHR) last issued its quarterly earnings data on Thursday, January 9th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $5.00 million for the quarter, compared to the consensus estimate of $3.80 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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