Data I/O (NASDAQ:DAIO) Earns “Buy” Rating from Westpark Capital

Westpark Capital restated their buy rating on shares of Data I/O (NASDAQ:DAIO) in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a $5.00 target price on the electronics maker’s stock.

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

Data I/O Stock Performance

Shares of NASDAQ DAIO opened at $2.67 on Wednesday. Data I/O has a 1 year low of $2.52 and a 1 year high of $4.80. The firm has a market cap of $24.11 million, a P/E ratio of -53.39 and a beta of 0.99. The stock has a fifty day moving average price of $2.82 and a two-hundred day moving average price of $3.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.14.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Salem Investment Counselors Inc. bought a new stake in shares of Data I/O during the 1st quarter worth $56,000. Essex Investment Management Co. LLC lifted its holdings in shares of Data I/O by 28.2% during the first quarter. Essex Investment Management Co. LLC now owns 81,990 shares of the electronics maker’s stock valued at $289,000 after purchasing an additional 18,053 shares during the last quarter. Finally, Perkins Coie Trust Co acquired a new position in shares of Data I/O in the 2nd quarter valued at $56,000. Institutional investors own 36.95% of the company’s stock.

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.