Aehr Test Systems (NASDAQ:AEHR) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Aehr Test Systems (NASDAQ:AEHR) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.59 and traded as high as $15.17. Aehr Test Systems shares last traded at $15.13, with a volume of 686,579 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a report on Saturday, October 5th.

Aehr Test Systems Price Performance

The stock has a market capitalization of $448.32 million, a PE ratio of 15.44 and a beta of 1.94. The business has a 50 day moving average price of $13.03 and a 200 day moving average price of $13.59.

Aehr Test Systems (NASDAQ:AEHR) last released its quarterly earnings data on Thursday, October 10th. The semiconductor company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $13.12 million for the quarter, compared to analysts’ expectations of $11.90 million. Aehr Test Systems had a return on equity of 29.31% and a net margin of 49.63%. On average, equities analysts expect that Aehr Test Systems will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in shares of Aehr Test Systems by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,045 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 769 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Aehr Test Systems by 3.8% in the 2nd quarter. Rhumbline Advisers now owns 39,333 shares of the semiconductor company’s stock worth $439,000 after buying an additional 1,438 shares in the last quarter. Bouvel Investment Partners LLC lifted its stake in shares of Aehr Test Systems by 3.5% in the 3rd quarter. Bouvel Investment Partners LLC now owns 58,233 shares of the semiconductor company’s stock valued at $748,000 after purchasing an additional 1,981 shares during the last quarter. nVerses Capital LLC bought a new stake in Aehr Test Systems in the second quarter worth $25,000. Finally, Truvestments Capital LLC purchased a new position in shares of Aehr Test Systems during the third quarter valued at approximately $36,000. Institutional investors own 69.69% of the company’s stock.

Aehr Test Systems Company Profile

Aehr Test Systems provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, and package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices.