Aehr Test Systems (NASDAQ:AEHR) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus price target of $7.50 for the company, according to Zacks. Zacks has also given Aehr Test Systems an industry rank of 26 out of 265 based on the ratings given to related companies.
A number of brokerages recently issued reports on AEHR. Zacks Investment Research cut shares of Aehr Test Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine cut shares of Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st.
In related news, insider Gayn Erickson sold 20,000 shares of Aehr Test Systems stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $2.51, for a total value of $50,200.00. Following the transaction, the insider now directly owns 369,063 shares of the company’s stock, valued at $926,348.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 57,500 shares of company stock worth $141,825 over the last three months. 21.90% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the business. Deutsche Bank AG acquired a new stake in Aehr Test Systems in the fourth quarter valued at approximately $381,000. Renaissance Technologies LLC acquired a new stake in Aehr Test Systems in the fourth quarter valued at approximately $405,000. AWM Investment Company Inc. boosted its position in Aehr Test Systems by 26.2% in the fourth quarter. AWM Investment Company Inc. now owns 1,801,926 shares of the semiconductor company’s stock valued at $4,883,000 after buying an additional 373,795 shares in the last quarter. Virtu Financial LLC acquired a new stake in Aehr Test Systems in the fourth quarter valued at approximately $299,000. Finally, Keybank National Association OH acquired a new stake in Aehr Test Systems in the fourth quarter valued at approximately $213,000. Hedge funds and other institutional investors own 24.99% of the company’s stock.
Shares of AEHR traded down $0.03 during mid-day trading on Tuesday, hitting $2.55. 151,940 shares of the company’s stock were exchanged, compared to its average volume of 153,464. Aehr Test Systems has a 52 week low of $2.12 and a 52 week high of $4.99. The company has a quick ratio of 3.20, a current ratio of 4.62 and a debt-to-equity ratio of 0.33.
Aehr Test Systems (NASDAQ:AEHR) last announced its quarterly earnings data on Tuesday, April 3rd. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $7.39 million for the quarter. Aehr Test Systems had a negative net margin of 1.58% and a negative return on equity of 1.41%.
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About Aehr Test Systems
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.
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