Data I/O (NASDAQ:DAIO) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Data I/O Corporation (NASDAQ:DAIO) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.87 and traded as high as $3.41. Data I/O shares last traded at $3.36, with a volume of 20,460 shares changing hands.

Analysts Set New Price Targets

A number of research firms have commented on DAIO. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Data I/O in a research report on Saturday, September 27th. Westpark Capital reaffirmed a “buy” rating and issued a $5.22 price objective on shares of Data I/O in a report on Friday, July 25th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Data I/O presently has an average rating of “Hold” and an average target price of $5.22.

Data I/O Trading Up 0.3%

The company’s 50 day moving average price is $3.26 and its two-hundred day moving average price is $2.87. The firm has a market cap of $31.55 million, a PE ratio of -12.00 and a beta of 1.05.

Data I/O (NASDAQ:DAIO) last announced its earnings results on Thursday, July 24th. The electronics maker reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). Data I/O had a negative return on equity of 14.60% and a negative net margin of 11.49%.The company had revenue of $5.95 million during the quarter, compared to the consensus estimate of $5.50 million.

Institutional Investors Weigh In On Data I/O

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DAIO. Steward Partners Investment Advisory LLC bought a new stake in Data I/O during the 2nd quarter worth approximately $65,000. James Investment Research Inc. increased its stake in shares of Data I/O by 45.4% in the second quarter. James Investment Research Inc. now owns 22,402 shares of the electronics maker’s stock worth $69,000 after purchasing an additional 7,000 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Data I/O by 45.4% during the 2nd quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after purchasing an additional 7,000 shares during the period. Essex Investment Management Co. LLC lifted its stake in shares of Data I/O by 11.8% during the 1st quarter. Essex Investment Management Co. LLC now owns 43,691 shares of the electronics maker’s stock valued at $107,000 after buying an additional 4,628 shares in the last quarter. Finally, Penbrook Management LLC boosted its holdings in Data I/O by 29.8% in the 2nd quarter. Penbrook Management LLC now owns 349,750 shares of the electronics maker’s stock worth $1,084,000 after buying an additional 80,300 shares during the period. 36.95% of the stock is owned by hedge funds and other institutional investors.

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 for the ICs.