Data I/O (NASDAQ:DAIO) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Data I/O Corporation (NASDAQ:DAIO)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.08 and traded as high as $3.21. Data I/O shares last traded at $3.14, with a volume of 37,555 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. LADENBURG THALM/SH SH raised Data I/O to a “strong-buy” rating in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Data I/O in a research note on Friday, July 17th. Finally, Zacks Research upgraded shares of Data I/O from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $5.11.

Data I/O Stock Down 1.9%

The company has a market capitalization of $29.48 million, a P/E ratio of -3.74 and a beta of 1.26. The business has a fifty day moving average price of $3.61 and a 200 day moving average price of $3.08.

Data I/O (NASDAQ:DAIO) last announced its earnings results on Friday, May 15th. The electronics maker reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.18). Data I/O had a negative net margin of 41.85% and a negative return on equity of 54.33%. The firm had revenue of $3.25 million during the quarter, compared to analyst estimates of $4.00 million. As a group, equities analysts forecast that Data I/O Corporation will post -0.35 earnings per share for the current year.

Institutional Trading of Data I/O

A number of institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its stake 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 buying an additional 7,000 shares during the last quarter. Kovack Advisors Inc. lifted its position in Data I/O by 2.2% during the 4th quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock worth $871,000 after buying an additional 5,675 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Data I/O by 24.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock worth $138,000 after buying an additional 8,555 shares during the last quarter. Finally, DRW Securities LLC acquired a new position in shares of Data I/O during the 4th quarter worth about $37,000. Institutional investors own 36.95% of the company’s stock.

About Data I/O

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.