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

Data I/O Co. (NASDAQ:DAIO) 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 trading hands.

Data I/O Stock Performance

The company has a market capitalization of $26.24 million, a P/E ratio of -14.95 and a beta of 0.95. The business’s fifty day simple moving average is $2.40 and its 200-day simple moving average is $2.64.

Data I/O (NASDAQ:DAIO) last announced its quarterly earnings results on Thursday, April 24th. The electronics maker reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.05. The company had revenue of $6.18 million for the quarter, compared to the consensus estimate 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 purchased 10,332 shares of Data I/O stock in a transaction on 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 acquisition, the president now owns 45,417 shares in the company, valued at approximately $109,909.14. The trade was a 29.45% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.30% of the stock is currently owned by insiders.

Institutional Trading of Data I/O

A number of large investors have recently made changes to their positions in DAIO. Essex Investment Management Co. LLC increased its holdings in shares of Data I/O by 37.6% in the 4th quarter. Essex Investment Management Co. LLC now owns 39,063 shares of the electronics maker’s stock worth $108,000 after buying an additional 10,679 shares during the last quarter. Legato Capital Management LLC bought a new stake in shares of Data I/O in the 4th quarter worth about $30,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Data I/O by 0.7% in the 4th quarter. Renaissance Technologies LLC now owns 503,643 shares of the electronics maker’s stock worth $1,395,000 after buying an additional 3,654 shares during the last quarter. 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.