Data I/O (NASDAQ:DAIO) Stock Rating Upgraded by Zacks Research

Data I/O (NASDAQ:DAIO) was upgraded by stock analysts at Zacks Research to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other research analysts have also commented on DAIO. Singular Research raised Data I/O to a “strong-buy” rating in a report on Friday, October 31st. Westpark Capital reissued a “buy” rating and set a $5.22 price objective on shares of Data I/O in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Data I/O in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Data I/O currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.22.

Data I/O Price Performance

DAIO opened at $2.94 on Tuesday. Data I/O has a fifty-two week low of $1.88 and a fifty-two week high of $3.57. The business has a 50-day moving average of $3.20 and a 200-day moving average of $2.99. The company has a market capitalization of $27.60 million, a PE ratio of -10.50 and a beta of 1.08.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings results on Thursday, October 30th. The electronics maker reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). Data I/O had a negative return on equity of 14.60% and a negative net margin of 11.49%.The firm had revenue of $5.39 million for the quarter, compared to analysts’ expectations of $5.60 million.

Institutional Trading of Data I/O

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAIO. Essex Investment Management Co. LLC grew its holdings in Data I/O by 11.8% in 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 during the last quarter. Penbrook Management LLC grew its holdings in shares of 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 purchasing an additional 80,300 shares in the last quarter. James Investment Research Inc. grew its holdings in shares of Data I/O by 45.4% during the 2nd 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. Steward Partners Investment Advisory LLC acquired a new stake in shares of Data I/O during the 2nd quarter worth approximately $65,000. Finally, NewEdge Advisors LLC grew 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 worth $69,000 after purchasing an additional 7,000 shares in the last quarter. Institutional investors and hedge funds own 36.95% of the company’s stock.

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.