Data I/O (NASDAQ:DAIO) Stock Passes Above 200-Day Moving Average of $3.28

Data I/O Co. (NASDAQ:DAIO)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.28 and traded as high as $3.50. Data I/O shares last traded at $3.42, with a volume of 17,100 shares changing hands.

Data I/O Stock Down 1.2 %

The firm has a market capitalization of $30.85 million, a price-to-earnings ratio of 68.41 and a beta of 0.99. The stock’s fifty day moving average is $3.50 and its two-hundred day moving average is $3.28.

Data I/O (NASDAQ:DAIO) last issued its earnings results on Thursday, February 22nd. The electronics maker reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $6.87 million for the quarter. Data I/O had a net margin of 1.73% and a return on equity of 2.46%.

Institutional Investors Weigh In On Data I/O

Several hedge funds have recently added to or reduced their stakes in DAIO. Advisor Group Holdings Inc. bought a new position in Data I/O during the 4th quarter worth $42,000. Millennium Management LLC bought a new position in shares of Data I/O during the fourth quarter worth approximately $43,000. Salem Investment Counselors Inc. acquired a new stake in shares of Data I/O in the first quarter valued at approximately $56,000. Susquehanna International Group LLP raised its position in shares of Data I/O by 119.0% in the first quarter. Susquehanna International Group LLP now owns 29,203 shares of the electronics maker’s stock valued at $145,000 after buying an additional 15,869 shares in the last quarter. Finally, Perritt Capital Management Inc. boosted its stake in shares of Data I/O by 10.0% in the fourth quarter. Perritt Capital Management Inc. now owns 49,374 shares of the electronics maker’s stock valued at $145,000 after buying an additional 4,475 shares during the period. Institutional investors and hedge funds own 36.95% of the company’s stock.

Data I/O Company Profile

Data I/O Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of programming and security deployment systems and services for electronic device manufacturers in the United States, Europe, and internationally. The company's programming system products are used to program integrated circuits (ICs) with the specific data necessary for the ICs.