Data I/O (NASDAQ:DAIO) Stock Passes Above 200 Day Moving Average – Time to Sell?

Data I/O Co. (NASDAQ:DAIO)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Data I/O Stock Performance

The stock has a fifty day simple moving average of $2.64 and a two-hundred day simple moving average of $2.62. The stock 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) last posted its quarterly earnings results on Thursday, October 24th. The electronics maker reported ($0.03) EPS for the quarter. The company 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%.

Institutional Investors Weigh In On Data I/O

An institutional investor recently raised its position in Data I/O stock. Perkins Coie Trust Co lifted its position in shares of Data I/O Co. (NASDAQ:DAIO) by 44.4% during the third quarter, according to 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 period. Perkins Coie Trust Co owned 0.33% of Data I/O worth $76,000 at the end of the most recent quarter. 36.95% of the stock is currently owned by institutional investors and hedge funds.

About Data I/O

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.