Data I/O (NASDAQ:DAIO) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Posted by Steve Reilly on Dec 14th, 2024

Data I/O Co. (NASDAQ:DAIO – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.63 and traded as high as $2.91. Data I/O shares last traded at $2.88, with a volume of 10,015 shares trading hands.

Analysts Set New Price Targets

Separately, Westpark Capital restated a “buy” rating and issued a $4.00 price objective on shares of Data I/O in a research note on Wednesday, August 21st.

Check Out Our Latest Stock Report on DAIO

Data I/O Stock Performance

The firm’s fifty day moving average price is $2.60 and its two-hundred day moving average price is $2.63. The stock has a market capitalization of $26.61 million, a PE ratio of -15.16 and a beta of 0.92.

Data I/O (NASDAQ:DAIO – Get Free Report) last announced its earnings results on Thursday, October 24th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $5.42 million for the quarter. Data I/O had a negative net margin of 7.53% and a negative return on equity of 9.05%.

Institutional Investors Weigh In On Data I/O

An institutional investor recently raised its position in Data I/O stock. Perkins Coie Trust Co raised its holdings in Data I/O Co. (NASDAQ:DAIO – Free Report) by 44.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,600 shares of the electronics maker’s stock after acquiring an additional 9,100 shares during the period. Perkins Coie Trust Co owned approximately 0.33% of Data I/O worth $76,000 at the end of the most recent quarter. 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.