Data I/O (NASDAQ:DAIO) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Data I/O Corporation (NASDAQ:DAIO) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.99 and traded as high as $3.93. Data I/O shares last traded at $3.71, with a volume of 174,395 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DAIO. Weiss Ratings reiterated a “sell (d-)” rating on shares of Data I/O in a research report on Monday, April 20th. Zacks Research upgraded shares of Data I/O from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Finally, LADENBURG THALM/SH SH raised shares of Data I/O to a “strong-buy” rating in a research note on Wednesday, May 6th. Two 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 given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $5.11.

Data I/O Price Performance

The business has a 50 day moving average of $3.16 and a 200 day moving average of $3.00. The firm has a market capitalization of $34.84 million, a price-to-earnings ratio of -4.42 and a beta of 1.27.

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 the consensus estimate of $4.00 million. Data I/O had a negative return on equity of 54.33% and a negative net margin of 41.85%. As a group, equities analysts predict that Data I/O Corporation will post -0.41 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. DRW Securities LLC acquired a new position in Data I/O during the fourth quarter valued at approximately $37,000. NewEdge Advisors LLC raised its holdings 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 purchasing an additional 7,000 shares during the period. Steward Partners Investment Advisory LLC raised its holdings 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 purchasing an additional 8,555 shares during the period. Kovack Advisors Inc. boosted its position 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 worth $852,000 after purchasing an additional 5,675 shares in the last quarter. Finally, Penbrook Management LLC boosted its position 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 worth $1,131,000 after purchasing an additional 4,100 shares in the last quarter. Institutional investors own 36.95% of the company’s stock.

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.