Data I/O (NASDAQ:DAIO) Shares Cross Above 200 Day Moving Average – What’s Next?

Data I/O Corporation (NASDAQ:DAIO) shares 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 changing hands.

Data I/O Stock Down 5.3%

The firm has a market cap of $26.33 million, a P/E ratio of -9.83 and a beta of 0.95. The stock’s 50-day simple moving average is $2.49 and its 200 day simple moving average is $2.65.

Data I/O (NASDAQ:DAIO) last announced its earnings results on Thursday, April 24th. The electronics maker reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.05. Data I/O had a negative return on equity of 14.56% and a negative net margin of 12.21%. 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 news, President William O. Wentworth purchased 10,332 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were acquired at an average price of $2.42 per share, for a total transaction of $25,003.44. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Data I/O

An institutional investor recently raised its position in Data I/O stock. Renaissance Technologies LLC grew its stake in Data I/O Corporation (NASDAQ:DAIO) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 503,643 shares of the electronics maker’s stock after purchasing an additional 3,654 shares during the quarter. Renaissance Technologies LLC owned approximately 5.45% of Data I/O worth $1,395,000 at the end of the most recent reporting period. 36.95% of the stock is currently owned by institutional investors and hedge funds.

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 for the ICs.