Data I/O (NASDAQ:DAIO) Stock Crosses Above 200-Day Moving Average of $4.74

Data I/O Co. (NASDAQ:DAIO)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.74 and traded as high as $4.00. Data I/O shares last traded at $4.00, with a volume of 2,036 shares traded.

The business has a 50-day moving average price of $3.95 and a two-hundred day moving average price of $4.74. The company has a quick ratio of 3.72, a current ratio of 4.71 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $32.10 million, a price-to-earnings ratio of 27.43 and a beta of 1.74.

Data I/O (NASDAQ:DAIO) last issued its earnings results on Thursday, August 1st. The electronics maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). Data I/O had a return on equity of 4.94% and a net margin of 4.35%. The business had revenue of $5.83 million for the quarter.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada bought a new position in Data I/O in the 2nd quarter worth about $25,000. Morgan Stanley grew 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. James Investment Research Inc. grew its position in Data I/O by 25.6% during the second quarter. James Investment Research Inc. now owns 14,723 shares of the electronics maker’s stock worth $67,000 after buying an additional 3,000 shares in the last quarter. Eqis Capital Management Inc. grew 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. Finally, Alambic Investment Management L.P. increased its stake in Data I/O by 66.4% in the 1st 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. 31.46% of the stock is owned by institutional investors.

About Data I/O (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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