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

Data I/O Corporation (NASDAQ:DAIO) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.12 and traded as high as $3.13. Data I/O shares last traded at $3.08, with a volume of 12,342 shares changing hands.

Analyst Ratings Changes

DAIO has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Data I/O in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Data I/O to a “hold” rating in a research report on Tuesday, November 4th. LADENBURG THALM/SH SH began coverage on shares of Data I/O in a report on Monday, February 2nd. They issued a “buy” rating and a $5.00 price target for the company. Westpark Capital restated a “buy” rating and set a $5.22 price objective on shares of Data I/O in a research report on Friday, October 31st. Finally, Singular Research upgraded shares of Data I/O to a “strong-buy” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Data I/O has a consensus rating of “Moderate Buy” and a consensus price target of $5.11.

Data I/O Trading Up 1.0%

The company’s 50-day moving average is $3.11 and its 200 day moving average is $3.12. The firm has a market cap of $28.92 million, a PE ratio of -7.70 and a beta of 1.08.

Institutional Inflows and Outflows

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

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.