Kovack Advisors Inc. Has $981,000 Holdings in Data I/O Co. (NASDAQ:DAIO)

Kovack Advisors Inc. decreased its stake in shares of Data I/O Co. (NASDAQ:DAIO) by 3.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 333,701 shares of the electronics maker’s stock after selling 11,400 shares during the period. Kovack Advisors Inc.’s holdings in Data I/O were worth $981,000 as of its most recent SEC filing.

Separately, Bank of New York Mellon Corp purchased a new position in shares of Data I/O during the third quarter valued at approximately $463,000. Hedge funds and other institutional investors own 36.95% of the company’s stock.

Data I/O Stock Down 11.5 %

Shares of NASDAQ:DAIO traded down $0.41 during mid-day trading on Friday, hitting $3.14. 43,259 shares of the company traded hands, compared to its average volume of 13,944. Data I/O Co. has a 12-month low of $2.83 and a 12-month high of $4.95. The stock has a 50-day moving average price of $3.53 and a two-hundred day moving average price of $3.26.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings data on Thursday, February 22nd. The electronics maker reported $0.02 earnings per share for the quarter. Data I/O had a negative return on equity of 2.10% and a negative net margin of 1.54%. The business had revenue of $6.87 million for the quarter.

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 necessary for the ICs.