Data I/O (NASDAQ:DAIO) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Data I/O Co. (NASDAQ:DAIO) passed 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 $2.86. Data I/O shares last traded at $2.83, with a volume of 14,145 shares changing hands.

Data I/O Stock Up 2.5 %

The stock’s 50-day simple moving average is $2.69 and its 200 day simple moving average is $2.62. The firm has a market cap of $26.14 million, a P/E ratio of -14.89 and a beta of 0.91.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Data I/O stock. Perkins Coie Trust Co lifted its stake in shares of Data I/O Co. (NASDAQ:DAIO) by 44.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,600 shares of the electronics maker’s stock after purchasing an additional 9,100 shares during the quarter. Perkins Coie Trust Co owned about 0.33% of Data I/O worth $76,000 at the end of the most recent reporting period. 36.95% of the stock is currently owned by hedge funds and other institutional investors.

About Data I/O

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.