Data I/O (NASDAQ:DAIO) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Data I/O Corporation (NASDAQ:DAIO) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.77 and traded as high as $3.57. Data I/O shares last traded at $3.50, with a volume of 61,048 shares traded.

Wall Street Analyst Weigh In

Separately, Westpark Capital reissued a “buy” rating and set a $5.22 price objective on shares of Data I/O in a research note on Friday, July 25th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Data I/O currently has a consensus rating of “Buy” and an average target price of $5.22.

Data I/O Trading Up 0.3%

The stock has a market capitalization of $32.87 million, a PE ratio of -12.50 and a beta of 1.04. The business’s 50 day moving average is $3.21 and its 200 day moving average is $2.77.

Data I/O (NASDAQ:DAIO) last announced its quarterly earnings data on Thursday, July 24th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The firm had revenue of $5.95 million during the quarter, compared to the consensus estimate of $5.50 million. Data I/O had a negative return on equity of 14.60% and a negative net margin of 11.49%.

Hedge Funds Weigh In On Data I/O

Hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its position in shares of Data I/O by 45.4% during the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock worth $69,000 after purchasing an additional 7,000 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Data I/O in the 2nd quarter worth about $65,000. James Investment Research Inc. increased its stake in Data I/O by 45.4% in the 2nd quarter. James Investment Research Inc. now owns 22,402 shares of the electronics maker’s stock worth $69,000 after buying an additional 7,000 shares during the period. Penbrook Management LLC lifted its holdings in Data I/O by 29.8% during the 2nd quarter. Penbrook Management LLC now owns 349,750 shares of the electronics maker’s stock valued at $1,084,000 after buying an additional 80,300 shares in the last quarter. Finally, Essex Investment Management Co. LLC boosted its position in Data I/O by 11.8% in the 1st quarter. Essex Investment Management Co. LLC now owns 43,691 shares of the electronics maker’s stock valued at $107,000 after buying an additional 4,628 shares during the period. Institutional investors own 36.95% of the company’s stock.

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.