Data I/O (NASDAQ:DAIO) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Data I/O Corporation (NASDAQ:DAIO)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.09 and traded as high as $3.20. Data I/O shares last traded at $3.0350, with a volume of 13,456 shares.

Analysts Set New Price Targets

Several research firms have commented on DAIO. Westpark Capital reissued a “buy” rating and issued a $5.22 price objective on shares of Data I/O in a research report on Friday, October 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Data I/O in a research note on Wednesday, October 8th. Singular Research upgraded Data I/O to a “strong-buy” rating in a report on Friday, October 31st. Finally, Zacks Research raised Data I/O to a “hold” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $5.22.

Data I/O Trading Up 2.2%

The business’s 50-day simple moving average is $2.93 and its two-hundred day simple moving average is $3.09. The company has a market capitalization of $28.50 million, a PE ratio of -7.59 and a beta of 1.04.

Data I/O (NASDAQ:DAIO) last announced its earnings results on Monday, November 3rd. The electronics maker reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The business had revenue of $5.39 million for the quarter, compared to analysts’ expectations of $5.60 million. Data I/O had a negative return on equity of 21.44% and a negative net margin of 16.16%.

Hedge Funds Weigh In On Data I/O

Several institutional investors and hedge funds have recently made changes to their positions in DAIO. NewEdge Advisors LLC increased its stake in shares of Data I/O by 45.4% in the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock worth $69,000 after buying an additional 7,000 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Data I/O during the 2nd quarter worth $65,000. James Investment Research Inc. increased its position in shares of Data I/O by 45.4% in the 2nd quarter. James Investment Research Inc. now owns 22,402 shares of the electronics maker’s stock worth $69,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Penbrook Management LLC increased its position in shares of Data I/O by 29.8% in the 2nd quarter. Penbrook Management LLC now owns 349,750 shares of the electronics maker’s stock worth $1,084,000 after purchasing an additional 80,300 shares during the last quarter. 36.95% of the stock is currently owned by hedge funds and other institutional investors.

About Data I/O

Data I/O Corporation is a provider of device programming solutions for semiconductor and microcontroller manufacturers, test houses, contract manufacturers and electronics design engineers. The company’s product portfolio includes universal and site-specific programmers, automated programming systems and software tools that enable high-volume production, development and field programming of non-volatile memories and microcontrollers. Data I/O’s solutions are designed to support a wide range of programmable devices, including Flash, EPROM, EEPROM, PLDs, FPGAs and automotive-grade microcontrollers.

The company’s flagship technologies include its high-speed FlashCORE III programming engines and the SB-OS-A automated handling system, which together streamline production workflows by providing scalable, multi-site programming capabilities.