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

Posted by Defense World Staff on Nov 5th, 2024

Shares of Data I/O Co. (NASDAQ:DAIO – Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.70 and traded as high as $2.70. Data I/O shares last traded at $2.59, with a volume of 113,119 shares traded.

Wall Street Analysts Forecast Growth

Separately, Westpark Capital reiterated a “buy” rating and issued a $4.00 price target on shares of Data I/O in a report on Wednesday, August 21st.

Check Out Our Latest Analysis on DAIO

Data I/O Stock Performance

The company has a market capitalization of $23.92 million, a PE ratio of -13.63 and a beta of 0.96. The business has a fifty day moving average price of $2.51 and a 200 day moving average price of $2.70.

Data I/O (NASDAQ:DAIO – Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The electronics maker reported ($0.03) earnings per share for the quarter. Data I/O had a negative net margin of 7.53% and a negative return on equity of 9.00%. The business had revenue of $5.42 million for the quarter.

Hedge Funds Weigh In On Data I/O

An institutional investor recently raised its position in Data I/O stock. Essex Investment Management Co. LLC raised its position in Data I/O Co. (NASDAQ:DAIO – Free Report) by 28.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,990 shares of the electronics maker’s stock after buying an additional 18,053 shares during the period. Essex Investment Management Co. LLC owned approximately 0.91% of Data I/O worth $289,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 36.95% of the company’s stock.

Data I/O Company Profile

(Get Free Report)

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.