Data I/O (NASDAQ:DAIO) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Posted by Samantha Reynolds on Dec 22nd, 2024

Data I/O Co. (NASDAQ:DAIO – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.62 and traded as high as $2.84. Data I/O shares last traded at $2.80, with a volume of 14,736 shares changing hands.

Data I/O Stock Performance

The firm’s 50-day simple moving average is $2.64 and its 200-day simple moving average is $2.62. The company has a market capitalization of $25.86 million, a price-to-earnings ratio of -14.74 and a beta of 0.92.

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

Hedge Funds Weigh In On Data I/O

A hedge fund recently raised its stake in Data I/O stock. Perkins Coie Trust Co boosted its position in shares of Data I/O Co. (NASDAQ:DAIO – Free Report) by 44.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,600 shares of the electronics maker’s stock after purchasing an additional 9,100 shares during the period. Perkins Coie Trust Co owned about 0.33% of Data I/O worth $76,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 36.95% of the company’s stock.

About Data I/O

(Get Free Report)

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.