Data I/O (NASDAQ:DAIO) Shares Cross Above Two Hundred Day Moving Average of $3.30

Shares of Data I/O Co. (NASDAQ:DAIO) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.30 and traded as high as $3.54. Data I/O shares last traded at $3.53, with a volume of 12,407 shares trading hands.

Data I/O Price Performance

The stock’s fifty day moving average price is $3.33 and its 200-day moving average price is $3.30. The firm has a market cap of $31.84 million, a price-to-earnings ratio of 70.61 and a beta of 0.99.

Data I/O (NASDAQ:DAIO) last released its quarterly earnings data on Thursday, February 22nd. The electronics maker reported $0.02 earnings per share for the quarter. The firm had revenue of $6.87 million for the quarter. Data I/O had a net margin of 1.73% and a return on equity of 2.49%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Kanen Wealth Management LLC grew its position in Data I/O by 2.5% in the second quarter. Kanen Wealth Management LLC now owns 826,421 shares of the electronics maker’s stock worth $3,545,000 after acquiring an additional 19,893 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Data I/O by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 277,900 shares of the electronics maker’s stock worth $1,103,000 after acquiring an additional 5,553 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Data I/O in the third quarter worth approximately $463,000. Geode Capital Management LLC grew its position in Data I/O by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 50,735 shares of the electronics maker’s stock worth $201,000 after acquiring an additional 3,366 shares in the last quarter. Finally, Zacks Investment Management bought a new stake in Data I/O in the second quarter worth approximately $214,000. Institutional investors and hedge funds own 36.95% of the company’s stock.

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. The company's programming system products are used to program integrated circuits (ICs) with the specific data necessary for the ICs.