Data I/O (NASDAQ:DAIO) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Data I/O Corporation (NASDAQ:DAIO) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.85 and traded as high as $3.19. Data I/O shares last traded at $3.05, with a volume of 56,916 shares traded.

Analyst Ratings Changes

Several research firms have commented on DAIO. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Data I/O in a research note on Monday, April 20th. LADENBURG THALM/SH SH raised shares of Data I/O to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Zacks Research raised shares of Data I/O from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Data I/O presently has an average rating of “Moderate Buy” and an average target price of $5.11.

Data I/O Stock Down 3.8%

The stock has a market capitalization of $28.64 million, a PE ratio of -3.63 and a beta of 1.09. The stock’s 50 day moving average price is $2.62 and its 200-day moving average price is $2.85.

Data I/O (NASDAQ:DAIO) last issued 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). The company had revenue of $3.25 million for the quarter, compared to analysts’ expectations of $4.00 million. Data I/O had a negative net margin of 41.85% and a negative return on equity of 54.33%. As a group, sell-side analysts predict that Data I/O Corporation will post -0.41 earnings per share for the current fiscal year.

Institutional Trading of Data I/O

Large investors have recently made changes to their positions in the stock. Kovack Advisors Inc. boosted its stake in shares of Data I/O by 2.2% during the fourth quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock valued at $852,000 after purchasing an additional 5,675 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Data I/O by 24.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock valued at $138,000 after purchasing an additional 8,555 shares during the period. NewEdge Advisors LLC boosted its stake 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 valued at $69,000 after purchasing an additional 7,000 shares during the period. DRW Securities LLC purchased a new stake in shares of Data I/O during the fourth quarter valued at $37,000. Finally, Penbrook Management LLC boosted its stake in shares of Data I/O by 1.2% during the fourth quarter. Penbrook Management LLC now owns 356,850 shares of the electronics maker’s stock valued at $1,131,000 after purchasing an additional 4,100 shares during the period. 36.95% of the stock is owned by hedge funds and other 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.