Data I/O (NASDAQ:DAIO) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Data I/O Corporation (NASDAQ:DAIO)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.94 and traded as high as $3.10. Data I/O shares last traded at $3.01, with a volume of 24,275 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DAIO. Westpark Capital restated a “buy” rating and set a $5.22 price objective on shares of Data I/O in a research report on Friday, July 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Data I/O in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $5.22.

Data I/O Stock Down 1.0%

The stock has a market capitalization of $28.26 million, a price-to-earnings ratio of -10.75 and a beta of 1.05. The company’s 50-day moving average is $3.21 and its 200-day moving average is $2.94.

Institutional Investors Weigh In On Data I/O

A number of institutional investors have recently made changes to their positions in the stock. Penbrook Management LLC increased its position in shares of Data I/O by 29.8% during the second quarter. Penbrook Management LLC now owns 349,750 shares of the electronics maker’s stock valued at $1,084,000 after acquiring an additional 80,300 shares during the last quarter. Essex Investment Management Co. LLC increased its position in shares of Data I/O by 11.8% during the first quarter. Essex Investment Management Co. LLC now owns 43,691 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 4,628 shares during the last quarter. James Investment Research Inc. increased its position in shares of Data I/O by 45.4% during the second quarter. James Investment Research Inc. now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after acquiring an additional 7,000 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Data I/O by 45.4% during the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after acquiring an additional 7,000 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Data I/O during the second quarter valued at about $65,000. 36.95% of the stock is currently owned by institutional investors and hedge funds.

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.