Data I/O (NASDAQ:DAIO) Shares Cross Above 200 Day Moving Average – Here’s Why

Data I/O Corporation (NASDAQ:DAIO)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.65 and traded as high as $3.04. Data I/O shares last traded at $2.85, with a volume of 14,811 shares trading hands.

Data I/O Stock Performance

The firm has a 50 day simple moving average of $2.49 and a two-hundred day simple moving average of $2.65. The firm has a market capitalization of $26.33 million, a P/E ratio of -9.83 and a beta of 0.95.

Data I/O (NASDAQ:DAIO) last released its quarterly earnings results on Thursday, April 24th. The electronics maker reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.05. Data I/O had a negative net margin of 12.21% and a negative return on equity of 14.56%. The company had revenue of $6.18 million for the quarter, compared to analyst estimates of $5.30 million.

Insiders Place Their Bets

In other Data I/O news, President William O. Wentworth bought 10,332 shares of the stock in a transaction dated Tuesday, May 6th. The shares were bought at an average cost of $2.42 per share, for a total transaction of $25,003.44. Following the purchase, the president now directly owns 45,417 shares of the company’s stock, valued at approximately $109,909.14. This trade represents a 29.45% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Data I/O

An institutional investor recently raised its position in Data I/O stock. Essex Investment Management Co. LLC boosted its stake in Data I/O Corporation (NASDAQ:DAIO) by 11.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,691 shares of the electronics maker’s stock after acquiring an additional 4,628 shares during the period. Essex Investment Management Co. LLC owned 0.47% of Data I/O worth $107,000 as of its most recent filing with the SEC. 36.95% of the stock is currently owned by institutional investors.

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.