Aehr Test Systems (AEHR) Posts Quarterly Earnings Results
Aehr Test Systems (NASDAQ:AEHR) posted its quarterly earnings data on Thursday. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, Yahoo Finance reports. Aehr Test Systems had a negative return on equity of 47.96% and a negative net margin of 23.79%. The business had revenue of $7.92 million for the quarter, compared to analysts’ expectations of $7.11 million.
Shares of Aehr Test Systems (NASDAQ AEHR) traded up $0.30 during trading on Friday, reaching $3.15. The company had a trading volume of 773,400 shares, compared to its average volume of 393,267. Aehr Test Systems has a 52-week low of $2.15 and a 52-week high of $6.10. The firm has a market capitalization of $61.40, a PE ratio of -10.86, a P/E/G ratio of 4.75 and a beta of 0.84. The company has a quick ratio of 2.64, a current ratio of 3.76 and a debt-to-equity ratio of 0.35.
In other Aehr Test Systems news, Director William W. R. Elder sold 28,168 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $3.51, for a total value of $98,869.68. Following the transaction, the director now directly owns 28,744 shares of the company’s stock, valued at $100,891.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gayn Erickson sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $3.40, for a total value of $68,000.00. Following the completion of the transaction, the insider now directly owns 341,063 shares in the company, valued at $1,159,614.20. The disclosure for this sale can be found here. Insiders sold 85,128 shares of company stock worth $275,073 in the last quarter. 21.90% of the stock is owned by insiders.
A number of research analysts recently weighed in on the company. Zacks Investment Research upgraded Aehr Test Systems from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a report on Thursday. ValuEngine cut Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Thursday, December 21st.
Aehr Test Systems Company Profile
Aehr Test Systems is engaged in the designing, manufacturing and marketing of advanced test and burn-in products to the semiconductor manufacturing industry. The Company manufactures and markets full wafer contact test systems, test during burn-in systems, test fixtures, die carriers and related accessories.
Receive News & Ratings for Aehr Test Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aehr Test Systems and related companies with MarketBeat.com's FREE daily email newsletter.