Data I/O (NASDAQ:DAIO) Shares Cross Above 200 Day Moving Average of $4.96

Shares of Data I/O Co. (NASDAQ:DAIO) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.96 and traded as high as $3.72. Data I/O shares last traded at $3.70, with a volume of 1,320 shares.

The firm has a market capitalization of $30.44 million, a P/E ratio of 26.50 and a beta of 1.70. The company has a 50 day simple moving average of $4.17 and a two-hundred day simple moving average of $4.96. 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 (NASDAQ:DAIO) last released its quarterly earnings results on Thursday, August 1st. The electronics maker reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.05). Data I/O had a net margin of 4.35% and a return on equity of 4.94%. The company had revenue of $5.83 million for the quarter.

Large investors have recently made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in Data I/O by 7.1% in the first quarter. Acadian Asset Management LLC now owns 193,916 shares of the electronics maker’s stock valued at $1,076,000 after purchasing an additional 12,777 shares during the period. Alambic Investment Management L.P. boosted its stake in shares of Data I/O by 66.4% in the first quarter. Alambic Investment Management L.P. now owns 29,231 shares of the electronics maker’s stock worth $162,000 after acquiring an additional 11,661 shares during the last quarter. Morgan Stanley lifted its position in Data I/O by 220.9% during the second quarter. Morgan Stanley now owns 10,005 shares of the electronics maker’s stock worth $45,000 after buying an additional 6,887 shares in the last quarter. Royal Bank of Canada purchased a new position in Data I/O during the second quarter worth approximately $25,000. Finally, Eqis Capital Management Inc. lifted its position in 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 worth $76,000 after buying an additional 3,940 shares in the last quarter. Hedge funds and other institutional investors own 33.14% of the company’s stock.

Data I/O Company Profile (NASDAQ:DAIO)

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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