Aehr Test Systems (NASD:AEHR)
Aehr Test Systems (NASD:AEHR), a global supplier of semiconductor test and burn-in equipment, today announced that it has received an order in excess of $4 million from a subcontractor to its lead customer for the FOX-XP Test and Burn-in System. Shares responded to the news by gaining over 20% and closing at $4.99. Volumes were heavy – over five times the average daily volume exchanged hands. This recent order comes less than a month after another order sent AEHR shares soaring 37.5%.
Gayn Erickson, President and CEO of Aehr Test Systems, commented, “We have been working closely with the end customer of this application for more than a year and are very excited to receive this first system order. We expect that this application will drive incremental capacity in the near term and over the next year or two. This order is further endorsement of our unique test and burn in technology and represents our second major customer for the FOX-XP Test and Burn-in System for a high-volume manufacturing application.”
While trading saw shares of Aehr Test Systems (NASD:AEHR) close at close to $5, earlier this year the stock was trading below $2.50 – so the stock has essentially doubled in less than a month. For the year, Aehr Test Systems (NASD:AEHR) has tripled in value. The catalyst is easy to see. In 2016 Aehr Test Systems (NASD:AEHR) posted sales of $14.5 million. Less than 60 days into the new year, the company already can be seen to achieve at least half of their 2016 sales figures.
I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.
Marc has a degree in economics and a MSc. in Finance. Over his 20 year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.
|Last Price a/o 5:47 PM EST||$ 4.65|
|Market Cap (mlns)||$ 81.84|
|Shares Outstanding (mlns)||16.4|
|Share Float (mlns)||14.13|
|Short Interest Ratio||0.53|