Data I/O (NASDAQ:DAIO) Shares Pass Above 200-Day Moving Average of $4.27

Data I/O Co. (NASDAQ:DAIO – Get Rating)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.27 and traded as high as $4.73. Data I/O shares last traded at $4.50, with a volume of 2,867 shares.

Wall Street Analysts Forecast Growth

Separately, Westpark Capital began coverage on Data I/O in a report on Tuesday, May 16th. They issued a “buy” rating for the company.

Data I/O Stock Down 0.2 %

The company’s 50-day moving average is $4.59 and its 200 day moving average is $4.27. The company has a market cap of $39.69 million, a price-to-earnings ratio of 50.00 and a beta of 1.00.

Data I/O (NASDAQ:DAIO – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The electronics maker reported $0.06 earnings per share for the quarter. Data I/O had a return on equity of 4.30% and a net margin of 3.00%. The firm had revenue of $7.27 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in Data I/O by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 272,347 shares of the electronics maker’s stock valued at $760,000 after purchasing an additional 9,053 shares in the last quarter. Kovack Advisors Inc. raised its position in shares of Data I/O by 4.2% during the 3rd quarter. Kovack Advisors Inc. now owns 307,001 shares of the electronics maker’s stock worth $857,000 after purchasing an additional 12,317 shares during the last quarter. United Capital Financial Advisers LLC lifted its stake in Data I/O by 23.0% in the 3rd quarter. United Capital Financial Advisers LLC now owns 258,172 shares of the electronics maker’s stock valued at $720,000 after buying an additional 48,229 shares in the last quarter. Advisor Group Holdings Inc. acquired a new stake in Data I/O in the 4th quarter worth about $42,000. Finally, Geode Capital Management LLC raised its holdings in shares of Data I/O by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 50,735 shares of the electronics maker’s stock valued at $201,000 after acquiring an additional 3,366 shares during the last quarter. Hedge funds and other institutional investors own 36.38% of the company’s stock.

About Data I/O

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Data I/O Corp. engages in the design, manufacture, and sales of programming and security deployment systems and services for electronic device manufacturers. It operates through the following geographical segments: U.S., Europe, and Rest of the World. The company was founded by Grant C. Record and Milt Zeutchel in 1969 and is headquartered in Redmond, WA.