Data I/O (NASDAQ:DAIO) Shares Pass Above 200-Day Moving Average – Should You Sell?

Data I/O Co. (NASDAQ:DAIO)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.62 and traded as high as $2.94. Data I/O shares last traded at $2.93, with a volume of 11,365 shares changing hands.

Data I/O Trading Up 1.0 %

The stock’s fifty day moving average price is $2.75 and its 200 day moving average price is $2.62. The stock has a market cap of $27.07 million, a P/E ratio of -15.42 and a beta of 0.91.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings data on Thursday, October 24th. The electronics maker reported ($0.03) EPS 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 for the quarter.

Institutional Trading of Data I/O

A hedge fund recently raised its stake in Data I/O stock. Geode Capital Management LLC grew its stake in Data I/O Co. (NASDAQ:DAIO) by 30.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,512 shares of the electronics maker’s stock after acquiring an additional 22,804 shares during the quarter. Geode Capital Management LLC owned 1.04% of Data I/O worth $248,000 at the end of the most recent quarter. Institutional investors own 36.95% of the company’s stock.

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.