Aehr Test Systems (NASDAQ:AEHR) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Aehr Test Systems shares have crossed above their 200-day moving average, trading at $31.02 with a high of $32.67 recently.
• Despite an earning report that beat estimates, analysts maintain an average "Sell" rating on the stock, with Weiss Ratings reiterating a "sell (d)" rating.
• The company has recently seen significant insider selling, with directors offloading thousands of shares in July.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.41 and traded as high as $32.67. Aehr Test Systems shares last traded at $31.02, with a volume of 1,556,724 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Aehr Test Systems in a report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of "Sell".

Aehr Test Systems Stock Down 3.8%

The stock has a market cap of $929.67 million, a PE ratio of -238.60 and a beta of 2.47. The firm has a 50 day moving average price of $24.31 and a 200 day moving average price of $15.41.

Aehr Test Systems (NASDAQ:AEHR - Get Free Report) last posted its earnings results on Tuesday, July 8th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Aehr Test Systems had a negative return on equity of 0.15% and a negative net margin of 6.63%.The company had revenue of $14.10 million for the quarter, compared to analyst estimates of $14.83 million. Equities analysts forecast that Aehr Test Systems will post 0.1 earnings per share for the current year.

Insider Buying and Selling at Aehr Test Systems

In other Aehr Test Systems news, Director Rhea J. Posedel sold 18,000 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $19.83, for a total value of $356,940.00. Following the completion of the transaction, the director directly owned 71,163 shares of the company's stock, valued at approximately $1,411,162.29. The trade was a 20.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Alistair N. Sporck sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $14.13, for a total value of $42,390.00. Following the sale, the vice president owned 30,808 shares of the company's stock, valued at $435,317.04. The trade was a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,000 shares of company stock valued at $506,830. 6.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Aehr Test Systems

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wyoming acquired a new stake in shares of Aehr Test Systems during the 2nd quarter worth about $28,000. Quantbot Technologies LP acquired a new position in Aehr Test Systems during the first quarter worth approximately $31,000. GAMMA Investing LLC increased its position in Aehr Test Systems by 1,753.1% during the first quarter. GAMMA Investing LLC now owns 7,079 shares of the semiconductor company's stock worth $52,000 after buying an additional 6,697 shares during the period. CWM LLC increased its position in Aehr Test Systems by 15.1% during the second quarter. CWM LLC now owns 6,062 shares of the semiconductor company's stock worth $78,000 after buying an additional 793 shares during the period. Finally, American Century Companies Inc. acquired a new position in Aehr Test Systems during the first quarter worth approximately $86,000. Institutional investors and hedge funds 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.

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