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Why Aehr Test Systems Plunged 20% Today

TheMotleyFool

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Shares of Aehr Test Systems (NASDAQ: AEHR) plunged more than 21% at one point on Friday, before recovering somewhat to just a 17.6% loss as of 12:48 p.m. ET.

The semiconductor testing equipment manufacturer reported fiscal second-quarter earnings on Thursday night, which actually came in slightly ahead of expectations. However, given the company's massive run in 2021, investors were likely looking for an even bigger beat and guidance hike, which they didn't get. Up so much in 2021, it looks as though some are cashing in their profits to start the new year.

Image source: Getty Images.

Source Fool.com

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