Data I/O (DAIO) Downgraded by TheStreet

TheStreet lowered shares of Data I/O (NASDAQ:DAIO) from a b- rating to a c rating in a report issued on Thursday.

Separately, Lake Street Capital reaffirmed a buy rating and issued a $7.00 price target on shares of Data I/O in a research note on Friday, July 27th.

DAIO stock opened at $4.96 on Thursday. The stock has a market capitalization of $41.85 million, a P/E ratio of 20.67 and a beta of 1.57. Data I/O has a 52 week low of $4.27 and a 52 week high of $16.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.05 and a quick ratio of 3.40.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings results on Thursday, November 1st. The electronics maker reported $0.04 EPS for the quarter. The business had revenue of $6.53 million during the quarter. Data I/O had a return on equity of 8.74% and a net margin of 8.47%.

A number of hedge funds have recently bought and sold shares of the stock. Eqis Capital Management Inc. acquired a new position in Data I/O during the second quarter worth about $108,000. Millennium Management LLC acquired a new position in Data I/O during the first quarter worth about $230,000. Eagle Ridge Investment Management acquired a new position in Data I/O during the second quarter worth about $330,000. Janney Montgomery Scott LLC raised its stake in Data I/O by 17.6% during the second quarter. Janney Montgomery Scott LLC now owns 84,825 shares of the electronics maker’s stock worth $539,000 after acquiring an additional 12,700 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Data I/O by 16.9% during the first quarter. Dimensional Fund Advisors LP now owns 381,047 shares of the electronics maker’s stock worth $2,835,000 after acquiring an additional 55,208 shares in the last quarter. 41.58% of the stock is owned by institutional investors and hedge funds.

Data I/O Company Profile

Data I/O Corporation designs, manufactures, and sells programming 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 necessary for the ICs. The company provides PSV handlers off-line automated programming systems; and RoadRunner and RoadRunner3 series handlers, an in-line automated programming systems.

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