Data I/O (NASDAQ:DAIO) Receives “Buy” Rating from Singular Research

Data I/O (NASDAQ:DAIO)‘s stock had its “buy” rating reissued by research analysts at Singular Research in a research note issued on Tuesday, Zacks.com reports. Singular Research also issued estimates for Data I/O’s Q2 2024 earnings at $0.02 EPS, Q3 2024 earnings at $0.06 EPS, Q4 2024 earnings at $0.08 EPS, FY2024 earnings at $0.06 EPS, Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.09 EPS and FY2025 earnings at $0.10 EPS.

Data I/O Stock Performance

Shares of DAIO remained flat at $2.90 during mid-day trading on Tuesday. The stock had a trading volume of 5,783 shares, compared to its average volume of 24,692. Data I/O has a 52 week low of $2.78 and a 52 week high of $4.80. The business’s fifty day moving average price is $3.48 and its 200-day moving average price is $3.24. The stock has a market cap of $26.16 million, a PE ratio of -57.99 and a beta of 1.06.

Data I/O (NASDAQ:DAIO) last announced its quarterly earnings results on Thursday, February 22nd. The electronics maker reported $0.02 earnings per share (EPS) for the quarter. Data I/O had a negative return on equity of 2.10% and a negative net margin of 1.54%. The business had revenue of $6.87 million during the quarter.

Institutional Investors Weigh In On Data I/O

Several hedge funds have recently bought and sold shares of DAIO. Bank of New York Mellon Corp bought a new position in Data I/O during the 3rd quarter worth $463,000. Essex Investment Management Co. LLC grew its stake in shares of Data I/O by 28.2% in the first quarter. Essex Investment Management Co. LLC now owns 81,990 shares of the electronics maker’s stock valued at $289,000 after acquiring an additional 18,053 shares in the last quarter. Finally, Salem Investment Counselors Inc. bought a new position in Data I/O during the first quarter worth about $56,000. 36.95% of the stock is currently owned by institutional investors and hedge funds.

Data I/O Company Profile

Data I/O Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of programming and security deployment 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.