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

Data I/O Co. (NASDAQ:DAIO) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.62 and traded as high as $2.84. Data I/O shares last traded at $2.80, with a volume of 14,736 shares changing hands.

Data I/O Price Performance

The business’s fifty day moving average is $2.64 and its 200-day moving average is $2.62. The firm has a market cap of $25.86 million, a PE ratio of -14.74 and a beta of 0.92.

Data I/O (NASDAQ:DAIO) last announced its quarterly earnings data on Thursday, October 24th. The electronics maker reported ($0.03) earnings per share for the quarter. The firm had revenue of $5.42 million for the quarter. Data I/O had a negative net margin of 7.53% and a negative return on equity of 9.05%.

Hedge Funds Weigh In On Data I/O

A hedge fund recently raised its stake in Data I/O stock. Geode Capital Management LLC boosted its position in Data I/O Co. (NASDAQ:DAIO) by 30.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,512 shares of the electronics maker’s stock after purchasing an additional 22,804 shares during the quarter. Geode Capital Management LLC owned about 1.04% of Data I/O worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.