Data I/O’s (DAIO) Buy Rating Reiterated at Singular Research

Singular Research reiterated their buy rating on shares of Data I/O (NASDAQ:DAIO) in a research note released 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 stock remained flat at $2.90 on Tuesday. The stock had a trading volume of 5,783 shares, compared to its average volume of 24,692. The stock has a market cap of $26.16 million, a PE ratio of -57.99 and a beta of 1.06. The stock’s fifty day moving average price is $3.48 and its 200 day moving average price is $3.24. Data I/O has a 1-year low of $2.78 and a 1-year high of $4.80.

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

Institutional Trading of Data I/O

A number of institutional investors have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC boosted its position in Data I/O by 28.2% during the 1st quarter. Essex Investment Management Co. LLC now owns 81,990 shares of the electronics maker’s stock worth $289,000 after purchasing an additional 18,053 shares during the period. Salem Investment Counselors Inc. purchased a new position in Data I/O in the 1st quarter valued at about $56,000. Finally, Bank of New York Mellon Corp purchased a new position in Data I/O in the 3rd quarter valued at about $463,000. 36.95% of the stock is owned by hedge funds and other 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. Its programming system products are used to program integrated circuits (ICs) with the specific data necessary for the ICs.