Insider Selling: Aehr Test Systems Director Unloads 1,300 Shares of Stock (AEHR)
Aehr Test Systems (NASDAQ:AEHR) Director William W. R. Elder sold 1,300 shares of Aehr Test Systems stock on the open market in a transaction dated Thursday, July 31st. The shares were sold at an average price of $2.76, for a total value of $3,588.00. Following the completion of the sale, the director now directly owns 105,000 shares of the company’s stock, valued at approximately $289,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Aehr Test Systems (NASDAQ:AEHR) traded down 1.46% during mid-day trading on Monday, hitting $2.70. The stock had a trading volume of 304 shares. Aehr Test Systems has a 52-week low of $1.46 and a 52-week high of $3.59. The stock’s 50-day moving average is $2.55 and its 200-day moving average is $2.51. The company has a market cap of $29.9 million and a P/E ratio of 70.26.
Aehr Test Systems (NASDAQ:AEHR) last announced its earnings results on Thursday, July 17th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $5.40 million for the quarter, compared to the consensus estimate of $5.60 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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