Aehr Test Systems Uptrend Continues, Touching New High

(RTTNews) - Shares of semiconductor test and reliability qualification equipment supplier Aehr Test Systems (AEHR) are climbing more than 12% Monday morning and touched a new high of $8.74.

The stock has been trending up, and during the past one month it has gained over 47%. Year-to-date, it has skyrocketed 344%.

Today, however, there have been no company-specific news, that could be attributed to the upward movement of the stock.

Recently, in August, the company had received orders worth more than $4 million from two customers including $1.2 million from a new customer China and $3 million from a leading Fortune 500 supplier of semiconductor devices.

In July, when the company reported fourth quarter results, net sales had increased more than 100% to $7.6 million helped by electric vehicle semiconductor test demand.

AEHR is trading at $8.44 currently.