Craig Hallum initiated coverage on shares of Aehr Test Systems (NASDAQ:AEHR) in a research note published on Monday morning. The brokerage issued a buy rating and a $5.00 price target on the stock.

Aehr Test Systems (NASDAQ:AEHR) traded down 4.639% during midday trading on Monday, hitting $2.775. 6,100 shares of the stock were exchanged. The stock’s market cap is $36.95 million. The company’s 50 day moving average is $2.51 and its 200-day moving average is $1.77. Aehr Test Systems has a 1-year low of $0.95 and a 1-year high of $3.42.

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

In other Aehr Test Systems news, insider Gayn Erickson sold 10,000 shares of Aehr Test Systems stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $2.82, for a total transaction of $28,200.00. Following the transaction, the insider now directly owns 347,694 shares of the company’s stock, valued at $980,497.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 38.10% of the company’s stock.

Aehr Test Systems Company Profile

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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