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

Data I/O Co. (NASDAQ:DAIO)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.62 and traded as high as $2.85. Data I/O shares last traded at $2.83, with a volume of 6,112 shares.

Data I/O Stock Performance

The stock has a market cap of $26.15 million, a PE ratio of -14.89 and a beta of 0.92. The business has a 50 day moving average price of $2.72 and a two-hundred day moving average price of $2.62.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings data 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 business had revenue of $5.42 million during the quarter.

Hedge Funds Weigh In On Data I/O

An institutional investor recently raised its position in Data I/O stock. Perkins Coie Trust Co grew its stake in shares of Data I/O Co. (NASDAQ:DAIO) by 44.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,600 shares of the electronics maker’s stock after acquiring 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 reporting period. Hedge funds and other 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.