Salem Investment Counselors Inc. Buys Shares of 15,796 Data I/O Co. (NASDAQ:DAIO)

Salem Investment Counselors Inc. bought a new stake in Data I/O Co. (NASDAQ:DAIO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,796 shares of the electronics maker’s stock, valued at approximately $56,000.

Data I/O Price Performance

Shares of DAIO stock opened at $2.84 on Monday. The stock has a 50 day simple moving average of $3.01 and a two-hundred day simple moving average of $3.17. The company has a current ratio of 4.14, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01. Data I/O Co. has a fifty-two week low of $2.64 and a fifty-two week high of $4.80.

Data I/O (NASDAQ:DAIO) last issued its earnings results on Thursday, April 25th. The electronics maker reported ($0.09) earnings per share for the quarter. The business had revenue of $6.10 million during the quarter. Data I/O had a negative return on equity of 2.11% and a negative net margin of 1.54%. As a group, analysts forecast that Data I/O Co. will post 0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Singular Research restated a “buy” rating on shares of Data I/O in a research report on Tuesday, April 30th.

Data I/O 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.