Data I/O (NASDAQ:DAIO) Share Price Crosses Above 200-Day Moving Average of $4.27

Shares of Data I/O Co. (NASDAQ:DAIO – Get Rating) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.27 and traded as high as $4.73. Data I/O shares last traded at $4.50, with a volume of 2,867 shares.

Wall Street Analysts Forecast Growth

Separately, Westpark Capital assumed coverage on Data I/O in a report on Tuesday, May 16th. They set a “buy” rating for the company.

Data I/O Price Performance

The stock has a market capitalization of $39.69 million, a P/E ratio of 50.00 and a beta of 1.00. The stock’s fifty day moving average price is $4.59 and its 200 day moving average price is $4.27.

Data I/O (NASDAQ:DAIO – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The electronics maker reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $7.27 million during the quarter. Data I/O had a net margin of 3.00% and a return on equity of 4.30%.

Hedge Funds Weigh In On Data I/O

A number of hedge funds and other institutional investors have recently modified their holdings of the business. United Capital Financial Advisers LLC lifted its holdings in Data I/O by 23.0% during the third quarter. United Capital Financial Advisers LLC now owns 258,172 shares of the electronics maker’s stock worth $720,000 after buying an additional 48,229 shares during the period. Kovack Advisors Inc. lifted its stake in shares of Data I/O by 4.2% during the 3rd quarter. Kovack Advisors Inc. now owns 307,001 shares of the electronics maker’s stock worth $857,000 after purchasing an additional 12,317 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Data I/O by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 277,900 shares of the electronics maker’s stock valued at $1,103,000 after purchasing an additional 5,553 shares in the last quarter. Geode Capital Management LLC grew its stake in Data I/O by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 50,735 shares of the electronics maker’s stock valued at $201,000 after purchasing an additional 3,366 shares during the last quarter. Finally, Susquehanna International Group LLP grew its stake in Data I/O by 119.0% in the first quarter. Susquehanna International Group LLP now owns 29,203 shares of the electronics maker’s stock valued at $145,000 after purchasing an additional 15,869 shares during the last quarter. 36.38% of the stock is currently owned by institutional investors.

About Data I/O

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Data I/O Corp. engages in the design, manufacture, and sales of programming and security deployment systems and services for electronic device manufacturers. It operates through the following geographical segments: U.S., Europe, and Rest of the World. The company was founded by Grant C. Record and Milt Zeutchel in 1969 and is headquartered in Redmond, WA.