Data I/O (NASDAQ:DAIO) Posts Earnings Results, Misses Estimates By $0.05 EPS

Data I/O (NASDAQ:DAIO) announced its earnings results on Thursday. The electronics maker reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.05), Morningstar.com reports. The firm had revenue of $5.83 million for the quarter. Data I/O had a return on equity of 6.49% and a net margin of 5.43%.

NASDAQ:DAIO traded down $0.11 during trading hours on Friday, reaching $4.31. 48,367 shares of the company were exchanged, compared to its average volume of 15,428. The firm has a market capitalization of $36.16 million, a P/E ratio of 24.44 and a beta of 1.70. Data I/O has a 1-year low of $4.03 and a 1-year high of $6.88. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.72 and a quick ratio of 3.68. The firm has a 50 day moving average of $4.38.

Separately, TheStreet lowered Data I/O from a “b-” rating to a “c” rating in a research note on Wednesday, April 24th.

A number of large investors have recently modified their holdings of DAIO. James Investment Research Inc. grew its position in 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 worth $65,000 after buying an additional 2,200 shares in the last quarter. Eqis Capital Management Inc. boosted its holdings in shares of Data I/O by 30.2% in the 2nd 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 in the last quarter. Alambic Investment Management L.P. boosted its holdings in shares of Data I/O by 66.4% in the 1st 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 in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Data I/O in the 4th quarter valued at $369,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of Data I/O by 7.1% in the 1st 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 in the last quarter. 35.39% of the stock is currently owned by institutional investors and hedge funds.

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

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