Data I/O (NASDAQ:DAIO) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Data I/O Corporation (NASDAQ:DAIO)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.99 and traded as high as $3.93. Data I/O shares last traded at $3.71, with a volume of 174,395 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently weighed in on DAIO. LADENBURG THALM/SH SH upgraded shares of Data I/O to a “strong-buy” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Data I/O in a research note on Monday, April 20th. Finally, Zacks Research raised Data I/O from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Data I/O presently has an average rating of “Moderate Buy” and an average price target of $5.11.

Data I/O Stock Performance

The stock has a 50-day simple moving average of $3.13 and a two-hundred day simple moving average of $2.99. The firm has a market cap of $34.84 million, a PE ratio of -4.42 and a beta of 1.27.

Data I/O (NASDAQ:DAIO) last posted its earnings results on Friday, May 15th. The electronics maker reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.18). The company had revenue of $3.25 million for the quarter, compared to the consensus estimate of $4.00 million. Data I/O had a negative net margin of 41.85% and a negative return on equity of 54.33%. As a group, sell-side analysts anticipate that Data I/O Corporation will post -0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kovack Advisors Inc. boosted its holdings in Data I/O by 2.2% in the fourth quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock worth $852,000 after purchasing an additional 5,675 shares during the last quarter. DRW Securities LLC purchased a new stake in Data I/O during the 4th quarter valued at $37,000. Steward Partners Investment Advisory LLC raised its stake in Data I/O by 24.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock valued at $138,000 after buying an additional 8,555 shares during the last quarter. Penbrook Management LLC lifted its holdings 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 valued at $1,131,000 after buying an additional 4,100 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Data I/O by 45.4% during the 2nd quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after buying an additional 7,000 shares during the period. Institutional investors own 36.95% of the company’s stock.

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.