Data I/O Corporation (DAIO) Posts Earnings Results

Data I/O Corporation (NASDAQ:DAIO) announced its quarterly earnings results on Thursday. The electronics maker reported $0.19 earnings per share for the quarter, reports. Data I/O Corporation had a net margin of 12.14% and a return on equity of 21.22%.

Shares of Data I/O Corporation (DAIO) traded down 3.26% during trading on Thursday, hitting $9.50. 151,199 shares of the stock were exchanged. The stock has a market cap of $77.63 million, a P/E ratio of 22.14 and a beta of 1.41. The firm’s 50 day moving average price is $9.42 and its 200-day moving average price is $7.99. Data I/O Corporation has a 52 week low of $3.48 and a 52 week high of $10.30.

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In other Data I/O Corporation news, VP Rajeev Gulati sold 14,028 shares of the stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $9.20, for a total value of $129,057.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders sold a total of 47,480 shares of company stock worth $427,686 in the last ninety days. 8.60% of the stock is owned by corporate insiders.

An institutional investor recently raised its position in Data I/O Corporation stock. Northern Trust Corp raised its stake in Data I/O Corporation (NASDAQ:DAIO) by 38.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,580 shares of the electronics maker’s stock after purchasing an additional 7,634 shares during the period. Northern Trust Corp owned about 0.34% of Data I/O Corporation worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 24.71% of the stock is owned by hedge funds and other institutional investors.

Data I/O Corporation Company Profile

Data I/O Corporation provides programming and associated intellectual property management solutions. The Company’s solutions are used in the manufacturing of flash, microcontrollers and flash-memory-based intelligent devices. It designs, manufactures and sells programming systems used by designers and manufacturers of electronic products.

Earnings History for Data I/O Corporation (NASDAQ:DAIO)

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