Data I/O (NASDAQ:DAIO) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Data I/O Co. (NASDAQ:DAIO) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.68 and traded as high as $3.08. Data I/O shares last traded at $2.92, with a volume of 19,885 shares changing hands.

Data I/O Price Performance

The stock has a fifty day simple moving average of $2.92 and a 200-day simple moving average of $2.68. The company has a market capitalization of $26.97 million, a price-to-earnings ratio of -15.37 and a beta of 0.91.

Institutional Investors Weigh In On Data I/O

A number of institutional investors have recently modified their holdings of the business. Legato Capital Management LLC acquired a new stake in shares of Data I/O in the fourth quarter worth approximately $30,000. Essex Investment Management Co. LLC lifted its stake in Data I/O by 37.6% during the 4th quarter. Essex Investment Management Co. LLC now owns 39,063 shares of the electronics maker’s stock worth $108,000 after acquiring an additional 10,679 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Data I/O by 30.9% during the 3rd quarter. Geode Capital Management LLC now owns 96,512 shares of the electronics maker’s stock worth $248,000 after buying an additional 22,804 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Data I/O by 0.7% during the 4th quarter. Renaissance Technologies LLC now owns 503,643 shares of the electronics maker’s stock worth $1,395,000 after purchasing an additional 3,654 shares during the period. 36.95% of the stock is currently owned by institutional investors and hedge funds.

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 for the ICs.