Data I/O (NASDAQ:DAIO) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Data I/O Corporation (NASDAQ:DAIO)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.06 and traded as high as $3.80. Data I/O shares last traded at $3.63, with a volume of 29,639 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DAIO shares. LADENBURG THALM/SH SH upgraded Data I/O to a “strong-buy” rating in a research note on Wednesday, May 6th. Zacks Research upgraded shares of Data I/O from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Data I/O in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $5.11.

Data I/O Trading Up 4.6%

The firm has a market cap of $34.18 million, a price-to-earnings ratio of -4.33 and a beta of 1.26. The company has a fifty day moving average price of $3.51 and a 200-day moving average price of $3.07.

Data I/O (NASDAQ:DAIO) last announced its quarterly earnings results on Friday, May 15th. The electronics maker reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.18). Data I/O had a negative net margin of 41.85% and a negative return on equity of 54.33%. The company had revenue of $3.25 million for the quarter, compared to analysts’ expectations of $4.00 million. As a group, research analysts forecast that Data I/O Corporation will post -0.35 earnings per share for the current fiscal year.

Institutional Trading of Data I/O

Hedge funds have recently added to or reduced their stakes in the company. DRW Securities LLC purchased a new stake in shares of Data I/O in the fourth quarter valued at approximately $37,000. Steward Partners Investment Advisory LLC lifted its position in shares of Data I/O by 24.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock valued at $138,000 after buying an additional 8,555 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Data I/O by 45.4% during the 2nd quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after buying an additional 7,000 shares in the last quarter. Kovack Advisors Inc. grew its stake in Data I/O by 2.2% in the 4th quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock valued at $852,000 after acquiring an additional 5,675 shares during the period. Finally, Penbrook Management LLC grew its stake in Data I/O by 1.2% in the 4th quarter. Penbrook Management LLC now owns 356,850 shares of the electronics maker’s stock valued at $1,131,000 after acquiring an additional 4,100 shares during the period. 36.95% of the stock is owned by hedge funds and other institutional investors.

Data I/O Company Profile

Data I/O Corporation is a provider of device programming solutions for semiconductor and microcontroller manufacturers, test houses, contract manufacturers and electronics design engineers. The company’s product portfolio includes universal and site-specific programmers, automated programming systems and software tools that enable high-volume production, development and field programming of non-volatile memories and microcontrollers. Data I/O’s solutions are designed to support a wide range of programmable devices, including Flash, EPROM, EEPROM, PLDs, FPGAs and automotive-grade microcontrollers.

The company’s flagship technologies include its high-speed FlashCORE III programming engines and the SB-OS-A automated handling system, which together streamline production workflows by providing scalable, multi-site programming capabilities.