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

Data I/O Corporation (NASDAQ:DAIO) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.06 and traded as high as $3.09. Data I/O shares last traded at $2.88, with a volume of 9,426 shares changing hands.

Wall Street Analysts Forecast Growth

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

Data I/O Price Performance

The company has a fifty day moving average price of $3.32 and a 200 day moving average price of $3.05. The stock has a market cap of $27.79 million, a P/E ratio of -3.18 and a beta of 1.30.

Data I/O (NASDAQ:DAIO) last announced its quarterly earnings results on Wednesday, August 12th. The electronics maker reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.07). The business had revenue of $5.15 million for the quarter. Data I/O had a negative net margin of 48.73% and a negative return on equity of 66.83%. As a group, sell-side analysts expect that Data I/O Corporation will post -0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Data I/O

Several large investors have recently bought and sold shares of DAIO. DRW Securities LLC purchased a new stake in shares of Data I/O in the fourth quarter valued at about $37,000. BlackRock Inc. bought a new stake in shares of Data I/O in the 2nd quarter worth approximately $67,000. NewEdge Advisors LLC grew its stake 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 acquiring an additional 7,000 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Data I/O by 24.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock valued at $138,000 after acquiring an additional 8,555 shares during the period. Finally, Susquehanna International Group LLP lifted its holdings in Data I/O by 80.9% during the second quarter. Susquehanna International Group LLP now owns 48,548 shares of the electronics maker’s stock valued at $191,000 after purchasing an additional 21,711 shares during the last quarter. 36.95% of the stock is currently owned by institutional investors.

Data I/O Company Profile

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.