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

Data I/O Corporation (NASDAQ:DAIO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.08 and traded as high as $3.21. Data I/O shares last traded at $3.14, with a volume of 37,555 shares trading hands.

Analyst Ratings Changes

A number of research firms have weighed in on DAIO. LADENBURG THALM/SH SH upgraded Data I/O to a “strong-buy” rating in a research note on Wednesday, May 6th. Zacks Research upgraded Data I/O from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Data I/O in a report on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Data I/O currently has a consensus rating of “Moderate Buy” and an average target price of $5.11.

Data I/O Stock Performance

The company has a market capitalization of $29.48 million, a P/E ratio of -3.74 and a beta of 1.26. The stock’s fifty day moving average price is $3.61 and its 200-day moving average price is $3.08.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings results on Friday, May 15th. The electronics maker reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.18). The business had revenue of $3.25 million for the quarter, compared to the consensus estimate of $4.00 million. Data I/O had a negative return on equity of 54.33% and a negative net margin of 41.85%. On average, research analysts predict that Data I/O Corporation will post -0.35 EPS for the current fiscal year.

Institutional Trading of Data I/O

A number of hedge funds have recently made changes to their positions in the business. DRW Securities LLC acquired a new position in shares of Data I/O during the 4th quarter worth approximately $37,000. NewEdge Advisors LLC lifted its holdings in 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 purchasing an additional 7,000 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings 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 purchasing an additional 8,555 shares during the last quarter. Finally, Kovack Advisors Inc. boosted its position in Data I/O by 2.2% during the fourth quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock worth $871,000 after purchasing an additional 5,675 shares during the period. 36.95% of the stock is owned by institutional investors and hedge funds.

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.