Data I/O (NASDAQ:DAIO) Stock Passes Above 200 Day Moving Average of $3.28

Data I/O Co. (NASDAQ:DAIO)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.28 and traded as high as $3.50. Data I/O shares last traded at $3.42, with a volume of 17,100 shares.

Data I/O Trading Up 0.3 %

The stock’s fifty day moving average is $3.50 and its two-hundred day moving average is $3.28. The company has a market capitalization of $30.94 million, a PE ratio of 68.41 and a beta of 0.99.

Data I/O (NASDAQ:DAIO) last announced its quarterly earnings data on Thursday, February 22nd. The electronics maker reported $0.02 earnings per share (EPS) for the quarter. Data I/O had a return on equity of 2.46% and a net margin of 1.73%. The business had revenue of $6.87 million for the quarter.

Institutional Investors Weigh In On Data I/O

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Data I/O by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 50,735 shares of the electronics maker’s stock valued at $201,000 after acquiring an additional 3,366 shares during the period. Perritt Capital Management Inc. raised its stake in Data I/O by 10.0% in the 4th quarter. Perritt Capital Management Inc. now owns 49,374 shares of the electronics maker’s stock valued at $145,000 after acquiring an additional 4,475 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Data I/O by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 277,900 shares of the electronics maker’s stock valued at $1,103,000 after buying an additional 5,553 shares during the period. Advisor Group Holdings Inc. bought a new stake in shares of Data I/O during the fourth quarter valued at about $42,000. Finally, Millennium Management LLC bought a new stake in shares of Data I/O during the fourth quarter valued at about $43,000. 36.95% of the stock is currently owned by institutional investors.

About Data I/O

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. The company's programming system products are used to program integrated circuits (ICs) with the specific data necessary for the ICs.