Data I/O (NASDAQ:DAIO) Issues Quarterly Earnings Results

Data I/O (NASDAQ:DAIO) announced its quarterly earnings data on Thursday. The electronics maker reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.11), Zacks reports. Data I/O had a negative net margin of 6.15% and a negative return on equity of 7.62%. The firm had revenue of $5.06 million during the quarter, compared to analyst estimates of $6.50 million. During the same period last year, the business posted $0.03 EPS.

Data I/O Stock Down 4.3 %

Shares of Data I/O stock traded down $0.12 on Friday, hitting $2.67. The company had a trading volume of 34,837 shares, compared to its average volume of 19,410. Data I/O has a 1 year low of $2.52 and a 1 year high of $4.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.14. The stock has a 50 day moving average of $2.82 and a 200-day moving average of $3.13. The stock has a market capitalization of $24.10 million, a price-to-earnings ratio of -53.40 and a beta of 0.99.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Singular Research reiterated a “buy” rating on shares of Data I/O in a report on Tuesday, April 30th. Westpark Capital reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Data I/O in a research note on Wednesday.

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.