Aehr Test Systems (NASDAQ:AEHR – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 5,810,000 shares, a drop of 10.3% from the May 31st total of 6,480,000 shares. Based on an average daily volume of 991,800 shares, the short-interest ratio is presently 5.9 days.
Aehr Test Systems Stock Down 3.5 %
Aehr Test Systems stock traded down $0.39 during trading on Tuesday, hitting $10.71. The stock had a trading volume of 625,508 shares, compared to its average volume of 1,278,378. Aehr Test Systems has a 1 year low of $9.83 and a 1 year high of $54.10. The stock’s 50 day moving average is $11.72 and its two-hundred day moving average is $15.15. The stock has a market cap of $309.73 million, a price-to-earnings ratio of 20.60 and a beta of 2.08.
Aehr Test Systems (NASDAQ:AEHR – Get Free Report) last issued its earnings results on Tuesday, April 9th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $7.56 million for the quarter, compared to analysts’ expectations of $7.60 million. Aehr Test Systems had a net margin of 21.43% and a return on equity of 18.70%. As a group, equities research analysts anticipate that Aehr Test Systems will post 0.4 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
A number of analysts recently commented on the company. Craig Hallum reaffirmed a “hold” rating and issued a $12.00 target price on shares of Aehr Test Systems in a research report on Tuesday, March 26th. William Blair reaffirmed a “market perform” rating on shares of Aehr Test Systems in a research report on Monday, March 25th. Finally, StockNews.com downgraded Aehr Test Systems from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th.
Check Out Our Latest Stock Report on Aehr Test Systems
About Aehr Test Systems
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.
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