Data I/O Co. (NASDAQ:DAIO) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.08 and traded as high as $4.15. Data I/O shares last traded at $4.15, with a volume of 153 shares trading hands.
DAIO has been the topic of several research analyst reports. TheStreet cut Data I/O from a “c” rating to a “d+” rating in a report on Friday, November 1st. ValuEngine upgraded Data I/O from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.
The company has a debt-to-equity ratio of 0.07, a current ratio of 4.55 and a quick ratio of 3.50. The stock’s fifty day moving average is $3.95 and its 200 day moving average is $4.08.
In related news, Director John D. Delafield bought 55,946 shares of Data I/O stock in a transaction dated Wednesday, November 6th. The shares were acquired at an average cost of $3.51 per share, with a total value of $196,370.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of DAIO. Royal Bank of Canada purchased a new position in Data I/O during the second quarter valued at approximately $25,000. Morgan Stanley grew its holdings in Data I/O by 220.9% in the second quarter. Morgan Stanley now owns 10,005 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 6,887 shares during the last quarter. James Investment Research Inc. grew its holdings in Data I/O by 25.6% in the second quarter. James Investment Research Inc. now owns 14,723 shares of the electronics maker’s stock worth $67,000 after purchasing an additional 3,000 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in Data I/O by 8.3% in the second quarter. BlackRock Inc. now owns 46,326 shares of the electronics maker’s stock worth $208,000 after purchasing an additional 3,563 shares during the last quarter. 30.77% of the stock is currently owned by institutional investors.
About Data I/O (NASDAQ:DAIO)
Data I/O Corporation designs, manufactures, and sells programming 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 necessary for the ICs. The company provides PSV handlers offline automated programming systems; and RoadRunner and RoadRunner3 series handlers, an inline automated programming systems.
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