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

Data I/O Co. (NASDAQ:DAIO) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.68 and traded as high as $3.08. Data I/O shares last traded at $2.92, with a volume of 19,885 shares changing hands.

Data I/O Price Performance

The company has a market cap of $26.97 million, a P/E ratio of -15.37 and a beta of 0.91. The stock’s 50-day moving average is $2.92 and its two-hundred day moving average is $2.68.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Legato Capital Management LLC bought a new position in shares of Data I/O during the 4th quarter valued at approximately $30,000. Essex Investment Management Co. LLC grew its holdings in Data I/O by 37.6% during the 4th quarter. Essex Investment Management Co. LLC now owns 39,063 shares of the electronics maker’s stock valued at $108,000 after buying an additional 10,679 shares in the last quarter. Geode Capital Management LLC lifted its position in Data I/O by 30.9% during the third quarter. Geode Capital Management LLC now owns 96,512 shares of the electronics maker’s stock valued at $248,000 after purchasing an additional 22,804 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Data I/O by 0.7% during the fourth quarter. Renaissance Technologies LLC now owns 503,643 shares of the electronics maker’s stock worth $1,395,000 after acquiring an additional 3,654 shares during the last quarter. 36.95% of the stock is owned by hedge funds and other 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.