Data I/O (NASDAQ:DAIO) Shares Down 1.5% – Here’s What Happened

Data I/O Co. (NASDAQ:DAIO) shares fell 1.5% on Thursday . The company traded as low as $2.59 and last traded at $2.60. 10,136 shares traded hands during trading, a decline of 57% from the average session volume of 23,416 shares. The stock had previously closed at $2.64.

Analyst Upgrades and Downgrades

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

Data I/O Stock Performance

The stock has a 50 day moving average price of $2.57 and a 200 day moving average price of $2.63. The company has a market capitalization of $24.20 million, a P/E ratio of -13.79 and a beta of 0.92.

Data I/O (NASDAQ:DAIO) last announced its quarterly earnings data on Thursday, October 24th. The electronics maker reported ($0.03) EPS for the quarter. Data I/O had a negative return on equity of 9.05% and a negative net margin of 7.53%. The company had revenue of $5.42 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Data I/O stock. Perkins Coie Trust Co increased its stake in Data I/O Co. (NASDAQ:DAIO) by 44.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,600 shares of the electronics maker’s stock after purchasing an additional 9,100 shares during the quarter. Perkins Coie Trust Co owned about 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

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.