Craig Hallum started coverage on shares of Aehr Test Systems (NASDAQ:AEHR) in a research note issued on Monday, The Fly reports. The firm set a “buy” rating on the stock.

Shares of Aehr Test Systems (NASDAQ:AEHR) opened at 2.67 on Monday. The company’s market cap is $35.56 million. Aehr Test Systems has a one year low of $0.95 and a one year high of $3.42. The stock’s 50 day moving average is $2.48 and its 200-day moving average is $1.75.

Aehr Test Systems (NASDAQ:AEHR) last posted its earnings results on Thursday, September 29th. The company reported ($0.04) earnings per share for the quarter. The business earned $5.30 million during the quarter. Aehr Test Systems had a negative return on equity of 387.82% and a negative net margin of 59.41%.

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In other news, insider Gayn Erickson sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $2.82, for a total value of $28,200.00. Following the completion of the sale, the insider now directly owns 347,694 shares in the company, valued at approximately $980,497.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.

5 Day Chart for NASDAQ:AEHR

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