Data I/O (NASDAQ:DAIO) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Data I/O Co. (NASDAQ:DAIO) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.63 and traded as high as $3.08. Data I/O shares last traded at $3.00, with a volume of 29,712 shares changing hands.

Data I/O Price Performance

The stock’s fifty day moving average is $2.81 and its 200-day moving average is $2.63. The stock has a market cap of $27.72 million, a PE ratio of -15.79 and a beta of 0.91.

Institutional Investors Weigh In On Data I/O

A number of hedge funds have recently modified their holdings of the company. Perkins Coie Trust Co grew its holdings in shares of Data I/O by 44.4% in the third quarter. Perkins Coie Trust Co now owns 29,600 shares of the electronics maker’s stock valued at $76,000 after purchasing an additional 9,100 shares during the period. Legato Capital Management LLC purchased a new stake in shares of Data I/O in the fourth quarter valued at about $30,000. Finally, Geode Capital Management LLC grew its holdings in shares of Data I/O by 30.9% in the third quarter. Geode Capital Management LLC now owns 96,512 shares of the electronics maker’s stock valued at $248,000 after purchasing an additional 22,804 shares during the period. Hedge funds and other institutional investors own 36.95% of the company’s stock.

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.