Data I/O (NASDAQ:DAIO) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Data I/O Corporation (NASDAQ:DAIO) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.09 and traded as high as $3.20. Data I/O shares last traded at $3.0350, with a volume of 13,456 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DAIO shares. Westpark Capital reiterated a “buy” rating and set a $5.22 target price on shares of Data I/O in a research report on Friday, October 31st. Zacks Research raised Data I/O to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Data I/O in a research note on Wednesday, October 8th. Finally, Singular Research upgraded Data I/O to a “strong-buy” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.22.

Data I/O Stock Up 1.3%

The company has a market capitalization of $28.83 million, a PE ratio of -7.67 and a beta of 1.04. The stock’s 50 day moving average is $2.92 and its two-hundred day moving average is $3.09.

Data I/O (NASDAQ:DAIO) last issued its quarterly earnings data on Monday, November 3rd. The electronics maker reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Data I/O had a negative net margin of 16.16% and a negative return on equity of 21.44%. The business had revenue of $5.39 million for the quarter, compared to analysts’ expectations of $5.60 million.

Institutional Trading of Data I/O

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DAIO. Penbrook Management LLC increased its holdings in shares of Data I/O by 29.8% in the second quarter. Penbrook Management LLC now owns 349,750 shares of the electronics maker’s stock valued at $1,084,000 after purchasing an additional 80,300 shares during the period. James Investment Research Inc. lifted its holdings in shares of Data I/O by 45.4% in the 2nd quarter. James Investment Research Inc. now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after buying an additional 7,000 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of Data I/O in the second quarter worth about $65,000. Finally, NewEdge Advisors LLC raised its position in Data I/O by 45.4% during the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after acquiring an additional 7,000 shares in the last quarter. Institutional investors and hedge funds 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.