Data I/O (NASDAQ:DAIO) Receives Buy Rating from Singular Research

Singular Research restated their buy rating on shares of Data I/O (NASDAQ:DAIO) in a research note issued to investors on Tuesday, Zacks.com reports. Singular Research also issued estimates for Data I/O’s Q2 2024 earnings at $0.02 EPS, Q3 2024 earnings at $0.06 EPS, Q4 2024 earnings at $0.08 EPS, FY2024 earnings at $0.06 EPS, Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.09 EPS and FY2025 earnings at $0.10 EPS.

Data I/O Stock Performance

Shares of Data I/O stock opened at $2.90 on Tuesday. The company has a market capitalization of $26.16 million, a P/E ratio of -57.99 and a beta of 1.06. The company has a fifty day moving average of $3.48 and a 200 day moving average of $3.24. Data I/O has a fifty-two week low of $2.78 and a fifty-two week high of $4.80.

Data I/O (NASDAQ:DAIO) last issued its earnings results on Thursday, February 22nd. The electronics maker reported $0.02 earnings per share for the quarter. The company had revenue of $6.87 million during the quarter. Data I/O had a negative net margin of 1.54% and a negative return on equity of 2.10%.

Institutional Trading of Data I/O

Several hedge funds have recently bought and sold shares of DAIO. Bank of New York Mellon Corp purchased a new stake in Data I/O in the 3rd quarter worth $463,000. Salem Investment Counselors Inc. purchased a new stake in shares of Data I/O during the 1st quarter valued at about $56,000. Finally, Essex Investment Management Co. LLC raised its position in shares of Data I/O by 28.2% during the 1st quarter. Essex Investment Management Co. LLC now owns 81,990 shares of the electronics maker’s stock valued at $289,000 after buying an additional 18,053 shares in the last quarter. Hedge funds and other institutional investors own 36.95% of the company’s stock.

About Data I/O

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 necessary for the ICs.