Data I/O (NASDAQ:DAIO) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Data I/O Co. (NASDAQ:DAIO)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.64 and traded as high as $2.84. Data I/O shares last traded at $2.84, with a volume of 16,608 shares changing hands.

Data I/O Trading Up 1.4%

The company has a market capitalization of $26.24 million, a PE ratio of -14.95 and a beta of 0.95. The firm’s 50-day simple moving average is $2.40 and its 200-day simple moving average is $2.64.

Data I/O (NASDAQ:DAIO) last released its quarterly earnings data on Thursday, April 24th. The electronics maker reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.05. The company had revenue of $6.18 million during the quarter, compared to analysts’ expectations of $5.30 million. Data I/O had a negative net margin of 7.53% and a negative return on equity of 9.05%.

Insider Buying and Selling at Data I/O

In related news, President William O. Wentworth bought 10,332 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were acquired at an average price of $2.42 per share, with a total value of $25,003.44. Following the transaction, the president now owns 45,417 shares of the company’s stock, valued at $109,909.14. The trade was a 29.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.30% of the stock is owned by corporate insiders.

Institutional Trading of Data I/O

Several hedge funds and other institutional investors have recently bought and sold shares of DAIO. Essex Investment Management Co. LLC boosted its position in Data I/O by 37.6% during the 4th quarter. Essex Investment Management Co. LLC now owns 39,063 shares of the electronics maker’s stock valued at $108,000 after acquiring an additional 10,679 shares in the last quarter. Legato Capital Management LLC bought a new stake in Data I/O during the 4th quarter valued at $30,000. Finally, Renaissance Technologies LLC boosted its position in Data I/O by 0.7% during the 4th quarter. Renaissance Technologies LLC now owns 503,643 shares of the electronics maker’s stock valued at $1,395,000 after acquiring an additional 3,654 shares in the last quarter. Institutional investors 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. Its programming system products are used to program integrated circuits (ICs) with the specific data for the ICs.