Data I/O (NASDAQ:DAIO) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Data I/O Co. (NASDAQ:DAIO)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.62 and traded as high as $2.86. Data I/O shares last traded at $2.83, with a volume of 14,145 shares traded.

Data I/O Trading Up 2.5 %

The firm has a market capitalization of $26.14 million, a P/E ratio of -14.89 and a beta of 0.91. The stock has a 50 day simple moving average of $2.69 and a 200-day simple moving average of $2.62.

Data I/O (NASDAQ:DAIO) 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%.

Hedge Funds Weigh In On Data I/O

An institutional investor recently raised its position in Data I/O stock. Perkins Coie Trust Co lifted its stake in Data I/O Co. (NASDAQ:DAIO) by 44.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,600 shares of the electronics maker’s stock after buying an additional 9,100 shares during the quarter. Perkins Coie Trust Co owned about 0.33% of Data I/O worth $76,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other 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.