Data I/O (NASDAQ:DAIO) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Data I/O Co. (NASDAQ:DAIO)’s stock price crossed 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 $2.86. Data I/O shares last traded at $2.83, with a volume of 14,145 shares trading hands.

Data I/O Stock Up 2.5 %

The firm has a market capitalization of $26.14 million, a P/E ratio of -14.89 and a beta of 0.91. The company has a fifty day simple moving average of $2.69 and a 200 day simple moving average of $2.62.

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

Hedge Funds Weigh In On Data I/O

An institutional investor recently raised its position in Data I/O stock. Perkins Coie Trust Co increased its holdings in shares of Data I/O Co. (NASDAQ:DAIO) by 44.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,600 shares of the electronics maker’s stock after purchasing an additional 9,100 shares during the quarter. Perkins Coie Trust Co owned 0.33% of Data I/O worth $76,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 36.95% of the stock is owned by institutional investors and hedge funds.

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.