Kovack Advisors Inc. Sells 20,395 Shares of Data I/O Co. (NASDAQ:DAIO)

Kovack Advisors Inc. lowered its position in shares of Data I/O Co. (NASDAQ:DAIO) by 6.3% in the third quarter, HoldingsChannel reports. The fund owned 301,206 shares of the electronics maker’s stock after selling 20,395 shares during the period. Kovack Advisors Inc.’s holdings in Data I/O were worth $774,000 as of its most recent SEC filing.

Separately, Perkins Coie Trust Co lifted its position in Data I/O by 44.4% during the 3rd quarter. Perkins Coie Trust Co now owns 29,600 shares of the electronics maker’s stock worth $76,000 after buying an additional 9,100 shares in the last quarter. Institutional investors and hedge funds own 36.95% of the company’s stock.

Data I/O Stock Up 2.4 %

NASDAQ:DAIO opened at $2.61 on Thursday. Data I/O Co. has a twelve month low of $2.29 and a twelve month high of $3.99. The firm has a market capitalization of $24.12 million, a price-to-earnings ratio of -13.63 and a beta of 0.96. The stock’s 50 day moving average price is $2.52 and its two-hundred day moving average price is $2.67.

Data I/O (NASDAQ:DAIO) last announced its quarterly earnings results on Thursday, October 24th. The electronics maker reported ($0.03) EPS for the quarter. The firm had revenue of $5.42 million during the quarter. Data I/O had a negative net margin of 7.53% and a negative return on equity of 9.00%.

Analyst Ratings Changes

Separately, Westpark Capital restated a “buy” rating and issued a $4.00 price objective on shares of Data I/O in a report on Wednesday, August 21st.

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.