Data I/O Co. (NASDAQ:DAIO) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 26,700 shares, a decline of 25.0% from the September 30th total of 35,600 shares. Based on an average daily volume of 19,600 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.4% of the shares of the company are short sold.
A number of research analysts recently issued reports on the company. ValuEngine upgraded Data I/O from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. TheStreet lowered Data I/O from a “c” rating to a “d+” rating in a research report on Friday, November 1st.
NASDAQ:DAIO traded up $0.12 during midday trading on Friday, reaching $4.17. 84,100 shares of the company traded hands, compared to its average volume of 30,156. The company has a fifty day moving average price of $3.84 and a 200 day moving average price of $4.13. The company has a current ratio of 4.71, a quick ratio of 3.72 and a debt-to-equity ratio of 0.07. Data I/O has a twelve month low of $3.23 and a twelve month high of $6.88.
Data I/O (NASDAQ:DAIO) last announced its earnings results on Thursday, October 31st. The electronics maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). The company had revenue of $3.81 million for the quarter. Data I/O had a negative return on equity of 0.19% and a negative net margin of 0.18%.
In related news, Director John D. Delafield acquired 62,208 shares of Data I/O stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average price of $3.70 per share, for a total transaction of $230,169.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 6.20% of the company’s stock.
Several hedge funds have recently modified their holdings of DAIO. Eqis Capital Management Inc. grew its holdings in shares of Data I/O by 30.2% during the second quarter. Eqis Capital Management Inc. now owns 16,997 shares of the electronics maker’s stock valued at $76,000 after buying an additional 3,940 shares in the last quarter. James Investment Research Inc. grew its holdings in shares of Data I/O by 25.6% during the second quarter. James Investment Research Inc. now owns 14,723 shares of the electronics maker’s stock valued at $67,000 after buying an additional 3,000 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Data I/O by 8.3% during the second quarter. BlackRock Inc. now owns 46,326 shares of the electronics maker’s stock valued at $208,000 after buying an additional 3,563 shares in the last quarter. Morgan Stanley grew its holdings in shares of Data I/O by 220.9% during the second quarter. Morgan Stanley now owns 10,005 shares of the electronics maker’s stock valued at $45,000 after buying an additional 6,887 shares in the last quarter. Finally, Royal Bank of Canada purchased a new position in shares of Data I/O during the second quarter valued at $25,000. Institutional investors and hedge funds own 31.35% of the company’s stock.
About Data I/O
Data I/O Corporation designs, manufactures, and sells programming 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. The company provides PSV handlers offline automated programming systems; and RoadRunner and RoadRunner3 series handlers, an inline automated programming systems.
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