Data I/O (NASDAQ:DAIO) Stock Rating Upgraded by Zacks Research

Data I/O (NASDAQ:DAIO) was upgraded by analysts at Zacks Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other brokerages also recently weighed in on DAIO. Singular Research upgraded Data I/O to a “strong-buy” rating in a research note on Friday, October 31st. Westpark Capital reiterated a “buy” rating and issued a $5.22 price objective on shares of Data I/O in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Data I/O in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Data I/O presently has an average rating of “Moderate Buy” and an average target price of $5.22.

Data I/O Trading Down 2.3%

Shares of Data I/O stock opened at $2.94 on Tuesday. The stock has a 50-day moving average price of $3.20 and a 200 day moving average price of $2.99. The company has a market cap of $27.60 million, a P/E ratio of -10.50 and a beta of 1.08. Data I/O has a 1 year low of $1.88 and a 1 year high of $3.57.

Data I/O (NASDAQ:DAIO) last announced its quarterly earnings results on Thursday, October 30th. The electronics maker reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.05). The firm had revenue of $5.39 million during the quarter, compared to the consensus estimate of $5.60 million. Data I/O had a negative net margin of 11.49% and a negative return on equity of 14.60%.

Institutional Investors Weigh In On Data I/O

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC increased its holdings in Data I/O by 45.4% during the 2nd quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after purchasing an additional 7,000 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Data I/O during the 2nd quarter valued at $65,000. James Investment Research Inc. increased its holdings in Data I/O by 45.4% during the 2nd quarter. James Investment Research Inc. now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after purchasing an additional 7,000 shares in the last quarter. Penbrook Management LLC increased its stake in shares of Data I/O by 29.8% in the 2nd quarter. Penbrook Management LLC now owns 349,750 shares of the electronics maker’s stock valued at $1,084,000 after buying an additional 80,300 shares during the period. Finally, Essex Investment Management Co. LLC raised 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 worth $107,000 after acquiring an additional 4,628 shares during the last quarter. 36.95% of the stock is 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.