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

Data I/O Corporation (NASDAQ:DAIO) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DAIO. Weiss Ratings reissued a “sell (d-)” rating on shares of Data I/O in a report on Friday, July 17th. Zacks Research raised Data I/O from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Finally, LADENBURG THALM/SH SH upgraded Data I/O to a “strong-buy” rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.11.

Data I/O Stock Down 0.6%

The business’s fifty day moving average is $3.61 and its 200-day moving average is $3.08. The company has a market cap of $29.30 million, a PE ratio of -3.71 and a beta of 1.26.

Data I/O (NASDAQ:DAIO) last announced its 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 for the quarter, compared to analysts’ expectations of $4.00 million. Analysts forecast that Data I/O Corporation will post -0.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Data I/O

Several hedge funds and other institutional investors have recently modified their holdings of DAIO. Kovack Advisors Inc. lifted its position in 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 $871,000 after purchasing an additional 5,675 shares in the last quarter. NewEdge Advisors LLC increased its position in Data I/O by 45.4% in the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock worth $69,000 after buying an additional 7,000 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Data I/O by 24.5% in the fourth 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 in the last quarter. Finally, DRW Securities LLC bought a new position in shares of Data I/O in the fourth quarter worth about $37,000. 36.95% of the stock is currently 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.