Data I/O (NASDAQ:DAIO) Shares Pass Above 200 Day Moving Average – Time to Sell?

Data I/O Corporation (NASDAQ:DAIO)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.91 and traded as high as $4.15. Data I/O shares last traded at $4.08, with a volume of 99,795 shares changing hands.

Analyst Upgrades and Downgrades

DAIO has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Data I/O in a report on Monday, April 20th. LADENBURG THALM/SH SH raised Data I/O to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Zacks Research raised shares of Data I/O from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.11.

Data I/O Stock Performance

The stock’s fifty day moving average is $2.88 and its 200 day moving average is $2.92. The stock has a market cap of $33.80 million, a P/E ratio of -4.29 and a beta of 1.27.

Data I/O (NASDAQ:DAIO) last announced its quarterly earnings results on Friday, May 15th. The electronics maker reported ($0.34) 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 business had revenue of $3.25 million during the quarter, compared to the consensus estimate of $4.00 million. Equities research analysts predict that Data I/O Corporation will post -0.41 EPS for the current year.

Institutional Trading of Data I/O

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kovack Advisors Inc. raised its position in Data I/O by 2.2% in the 4th quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock worth $852,000 after purchasing an additional 5,675 shares during the period. DRW Securities LLC purchased a new stake in Data I/O in the 4th quarter worth about $37,000. Steward Partners Investment Advisory LLC raised its position in Data I/O by 24.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock worth $138,000 after purchasing an additional 8,555 shares during the period. Penbrook Management LLC raised its position in Data I/O by 1.2% in the 4th quarter. Penbrook Management LLC now owns 356,850 shares of the electronics maker’s stock worth $1,131,000 after purchasing an additional 4,100 shares during the period. Finally, NewEdge Advisors LLC increased its position 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 worth $69,000 after acquiring an additional 7,000 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.