Data I/O (NASDAQ:DAIO) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Data I/O Corporation (NASDAQ:DAIO) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.11 and traded as high as $3.25. Data I/O shares last traded at $3.12, with a volume of 23,329 shares.

Analysts Set New Price Targets

A number of brokerages have issued reports on DAIO. Weiss Ratings reissued a “sell (d-)” rating on shares of Data I/O in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Data I/O to a “hold” rating in a research report on Tuesday, November 4th. Singular Research raised shares of Data I/O to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Westpark Capital reaffirmed a “buy” rating and set a $5.22 price objective on shares of Data I/O in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.22.

Data I/O Stock Performance

The stock has a market capitalization of $29.30 million, a P/E ratio of -7.80 and a beta of 1.02. The business has a 50-day moving average price of $2.96 and a 200 day moving average price of $3.11.

Data I/O (NASDAQ:DAIO) last announced its quarterly earnings data on Monday, November 3rd. The electronics maker reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). Data I/O had a negative net margin of 16.16% and a negative return on equity of 21.44%. The company had revenue of $5.39 million for the quarter, compared to analysts’ expectations of $5.60 million.

Institutional Trading of Data I/O

A number of institutional investors and hedge funds have recently bought and sold shares of DAIO. Penbrook Management LLC raised its holdings in Data I/O by 29.8% in the second quarter. Penbrook Management LLC now owns 349,750 shares of the electronics maker’s stock worth $1,084,000 after buying an additional 80,300 shares during the last quarter. James Investment Research Inc. increased its position in shares of Data I/O by 45.4% during the second quarter. James Investment Research Inc. now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after acquiring an additional 7,000 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Data I/O in the 2nd quarter worth approximately $65,000. Finally, NewEdge Advisors LLC lifted its position in Data I/O by 45.4% in the 2nd quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after acquiring an additional 7,000 shares in the last quarter. 36.95% of the stock is currently owned by institutional investors.

Data I/O Company Profile

Data I/O Corporation is a provider of device programming solutions for semiconductor and microcontroller manufacturers, test houses, contract manufacturers and electronics design engineers. The company’s product portfolio includes universal and site-specific programmers, automated programming systems and software tools that enable high-volume production, development and field programming of non-volatile memories and microcontrollers. Data I/O’s solutions are designed to support a wide range of programmable devices, including Flash, EPROM, EEPROM, PLDs, FPGAs and automotive-grade microcontrollers.

The company’s flagship technologies include its high-speed FlashCORE III programming engines and the SB-OS-A automated handling system, which together streamline production workflows by providing scalable, multi-site programming capabilities.