Data I/O (NASDAQ:DAIO) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Data I/O Corporation (NASDAQ:DAIO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.12 and traded as high as $3.29. Data I/O shares last traded at $3.26, with a volume of 6,254 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Data I/O to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Data I/O in a research note on Wednesday, October 8th. Westpark Capital reissued a “buy” rating and issued a $5.22 price objective on shares of Data I/O in a report on Friday, October 31st. Finally, Singular Research upgraded shares of Data I/O to a “strong-buy” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Data I/O presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.22.

Data I/O Stock Performance

The firm’s fifty day simple moving average is $2.98 and its 200 day simple moving average is $3.12. The stock has a market capitalization of $30.62 million, a P/E ratio of -8.15 and a beta of 1.02.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings results on Monday, November 3rd. The electronics maker reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.05). The firm had revenue of $5.39 million for the quarter, compared to analyst estimates 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

A number of institutional investors have recently modified their holdings of DAIO. Penbrook Management LLC lifted its position in shares of Data I/O by 1.2% during the 4th quarter. Penbrook Management LLC now owns 356,850 shares of the electronics maker’s stock worth $1,131,000 after buying an additional 4,100 shares during the last quarter. NewEdge Advisors LLC raised its stake in Data I/O by 45.4% during the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock worth $69,000 after acquiring an additional 7,000 shares in the last quarter. James Investment Research Inc. raised its stake in Data I/O by 45.4% during the second quarter. James Investment Research Inc. now owns 22,402 shares of the electronics maker’s stock worth $69,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Data I/O in the second quarter worth about $65,000. Institutional investors and hedge funds own 36.95% of the company’s stock.

Data I/O Company Profile

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.