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

Data I/O Co. (NASDAQ:DAIO)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.65 and traded as high as $3.12. Data I/O shares last traded at $3.04, with a volume of 8,098 shares.

Data I/O Stock Performance

The company’s fifty day moving average price is $2.86 and its 200 day moving average price is $2.65. The firm has a market capitalization of $28.09 million, a price-to-earnings ratio of -16.00 and a beta of 0.91.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DAIO. Legato Capital Management LLC acquired a new position in shares of Data I/O during the fourth quarter valued at $30,000. Essex Investment Management Co. LLC boosted its position in shares of Data I/O by 37.6% during the fourth quarter. Essex Investment Management Co. LLC now owns 39,063 shares of the electronics maker’s stock worth $108,000 after buying an additional 10,679 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Data I/O by 30.9% in the 3rd quarter. Geode Capital Management LLC now owns 96,512 shares of the electronics maker’s stock worth $248,000 after buying an additional 22,804 shares in the last quarter. 36.95% of the stock is currently owned by institutional investors.

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.