Data I/O (NASDAQ:DAIO) Issues Quarterly Earnings Results

Data I/O (NASDAQ:DAIO) issued its quarterly earnings data on Thursday. The electronics maker reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.11), Zacks reports. The company had revenue of $5.06 million during the quarter, compared to analysts’ expectations of $6.50 million. Data I/O had a negative return on equity of 7.62% and a negative net margin of 6.15%. During the same quarter last year, the business earned $0.03 earnings per share.

Data I/O Trading Down 4.3 %

Shares of Data I/O stock opened at $2.67 on Friday. Data I/O has a twelve month low of $2.52 and a twelve month high of $4.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.14. The company’s 50 day moving average is $2.82 and its 200 day moving average is $3.13.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DAIO. Westpark Capital reaffirmed a “buy” rating and issued a $5.00 target price on shares of Data I/O in a research report on Wednesday. Singular Research reaffirmed a “buy” rating on shares of Data I/O in a research report on Tuesday, April 30th.

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.