Data I/O (NASDAQ:DAIO) Receives Buy Rating from Singular Research

Singular Research restated their buy rating on shares of Data I/O (NASDAQ:DAIO) in a report issued on Tuesday morning, Zacks.com reports. Singular Research also issued estimates for Data I/O’s Q2 2024 earnings at $0.02 EPS, Q3 2024 earnings at $0.06 EPS, Q4 2024 earnings at $0.08 EPS, FY2024 earnings at $0.06 EPS, Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.09 EPS and FY2025 earnings at $0.10 EPS.

Data I/O Stock Performance

Shares of NASDAQ:DAIO opened at $2.90 on Tuesday. The firm has a market cap of $26.16 million, a P/E ratio of -57.99 and a beta of 1.06. Data I/O has a 52-week low of $2.78 and a 52-week high of $4.80. The business’s 50 day simple moving average is $3.48 and its two-hundred day simple moving average is $3.24.

Data I/O (NASDAQ:DAIO) last issued its quarterly earnings data on Thursday, February 22nd. The electronics maker reported $0.02 EPS for the quarter. The firm had revenue of $6.87 million during the quarter. Data I/O had a negative return on equity of 2.10% and a negative net margin of 1.54%.

Institutional Trading of Data I/O

Several institutional investors and hedge funds have recently modified their holdings of DAIO. Bank of New York Mellon Corp purchased a new stake in shares of Data I/O in the third quarter worth approximately $463,000. Salem Investment Counselors Inc. purchased a new stake in shares of Data I/O during the first quarter valued at approximately $56,000. Finally, Essex Investment Management Co. LLC increased its position in shares of Data I/O by 28.2% during the first quarter. Essex Investment Management Co. LLC now owns 81,990 shares of the electronics maker’s stock valued at $289,000 after acquiring an additional 18,053 shares during the last quarter. 36.95% of the stock is owned by hedge funds and other institutional investors.

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 necessary for the ICs.