Data I/O (NASDAQ:DAIO) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Data I/O Corporation (NASDAQ:DAIOGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.06 and traded as high as $3.23. Data I/O shares last traded at $2.92, with a volume of 71,604 shares changing hands.

Analyst Ratings Changes

A number of brokerages have commented on DAIO. LADENBURG THALM/SH SH raised Data I/O to a “strong-buy” rating in a research report on Friday, July 24th. Zacks Research raised Data I/O from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Data I/O in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Data I/O currently has an average rating of “Moderate Buy” and a consensus target price of $5.11.

Get Our Latest Stock Report on DAIO

Data I/O Price Performance

The stock has a market cap of $30.25 million, a PE ratio of -3.83 and a beta of 1.30. The company’s fifty day moving average is $3.46 and its 200-day moving average is $3.06.

Data I/O (NASDAQ:DAIOGet Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The electronics maker reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.07). The business had revenue of $5.15 million during the quarter. Data I/O had a negative net margin of 41.85% and a negative return on equity of 54.33%. Analysts expect that Data I/O Corporation will post -0.35 EPS for the current year.

Institutional Trading of Data I/O

A number of hedge funds have recently modified their holdings of DAIO. DRW Securities LLC purchased a new position in Data I/O during the fourth quarter valued at approximately $37,000. BlackRock Inc. acquired a new stake in shares of Data I/O during the 2nd quarter worth approximately $67,000. NewEdge Advisors LLC increased its holdings 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 in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Data I/O by 24.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock valued at $138,000 after purchasing an additional 8,555 shares in the last quarter. Finally, Kovack Advisors Inc. increased its holdings in shares of Data I/O by 2.2% during the 4th quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock valued at $852,000 after purchasing an additional 5,675 shares in the last quarter. Hedge funds and other institutional investors own 36.95% of the company’s stock.

Data I/O Company Profile

(Get Free Report)

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.

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