Data I/O (NASDAQ:DAIO) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Data I/O Corporation (NASDAQ:DAIO)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.12 and traded as high as $3.29. Data I/O shares last traded at $3.26, with a volume of 6,254 shares changing hands.

Wall Street Analyst Weigh In

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

Data I/O Stock Performance

The stock’s fifty day moving average is $2.98 and its two-hundred day moving average is $3.12. The firm has a market capitalization of $30.61 million, a price-to-earnings ratio of -8.15 and a beta of 1.02.

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

Institutional Trading of Data I/O

Institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC acquired a new stake in shares of Data I/O in the 2nd quarter valued at about $65,000. NewEdge Advisors LLC increased its holdings in Data I/O by 45.4% in the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after buying an additional 7,000 shares during the last quarter. James Investment Research Inc. raised its stake in Data I/O by 45.4% during the second 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 in the last quarter. Finally, Penbrook Management LLC lifted its holdings in Data I/O by 29.8% during 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 last quarter. 36.95% of the stock is owned by institutional investors and hedge funds.

About Data I/O

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.