Data I/O (NASDAQ:DAIO) Releases Earnings Results, Misses Estimates By $0.11 EPS

Data I/O (NASDAQ:DAIO) announced its quarterly earnings data on Thursday. The electronics maker reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.11), Zacks reports. Data I/O had a negative return on equity of 7.62% and a negative net margin of 6.15%. The company had revenue of $5.06 million for the quarter, compared to analysts’ expectations of $6.50 million. During the same quarter in the previous year, the company earned $0.03 earnings per share.

Data I/O Stock Down 4.3 %

NASDAQ DAIO traded down $0.12 during trading hours on Friday, hitting $2.67. The company had a trading volume of 34,837 shares, compared to its average volume of 19,410. Data I/O has a fifty-two week low of $2.52 and a fifty-two week high of $4.80. The firm’s 50 day moving average is $2.82 and its 200 day moving average is $3.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.14 and a quick ratio of 3.04. The company has a market capitalization of $24.10 million, a price-to-earnings ratio of -53.40 and a beta of 0.99.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Westpark Capital reiterated a “buy” rating and issued a $5.00 price target on shares of Data I/O in a report on Wednesday. Singular Research reiterated a “buy” rating on shares of Data I/O in a report on Tuesday, April 30th.

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.