Data I/O (NASDAQ:DAIO) issued its earnings results on Thursday. The electronics maker reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.05), Morningstar.com reports. Data I/O had a return on equity of 4.91% and a net margin of 4.35%. The company had revenue of $5.83 million during the quarter.
NASDAQ DAIO traded down $0.11 during trading hours on Friday, hitting $4.31. The company had a trading volume of 48,367 shares, compared to its average volume of 16,098. Data I/O has a fifty-two week low of $4.03 and a fifty-two week high of $6.88. The company has a current ratio of 4.72, a quick ratio of 3.68 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $4.38. The company has a market cap of $36.33 million, a price-to-earnings ratio of 31.57 and a beta of 1.70.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. James Investment Research Inc. increased its holdings in shares of Data I/O by 23.1% during the first quarter. James Investment Research Inc. now owns 11,723 shares of the electronics maker’s stock valued at $65,000 after purchasing an additional 2,200 shares during the period. Eqis Capital Management Inc. increased its holdings in shares of Data I/O by 30.2% during the second quarter. Eqis Capital Management Inc. now owns 16,997 shares of the electronics maker’s stock valued at $76,000 after purchasing an additional 3,940 shares during the period. Alambic Investment Management L.P. increased its holdings in shares of Data I/O by 66.4% during the first quarter. Alambic Investment Management L.P. now owns 29,231 shares of the electronics maker’s stock valued at $162,000 after purchasing an additional 11,661 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in shares of Data I/O during the fourth quarter valued at $369,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Data I/O by 7.1% during the first quarter. Acadian Asset Management LLC now owns 193,916 shares of the electronics maker’s stock valued at $1,076,000 after purchasing an additional 12,777 shares during the period. 35.39% of the stock is currently owned by hedge funds and other institutional investors.
About Data I/O
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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