Data I/O (NASDAQ:DAIO) Posts Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Data I/O (NASDAQ:DAIO) announced its quarterly earnings data on Thursday. The electronics maker reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.11), Zacks reports. The company had revenue of $5.06 million for the quarter, compared to analyst estimates of $6.50 million. Data I/O had a negative return on equity of 7.62% and a negative net margin of 6.15%. During the same period in the prior year, the firm posted $0.03 earnings per share.

Data I/O Trading Down 4.3 %

Shares of DAIO stock opened at $2.67 on Friday. The stock’s 50-day moving average price is $2.82 and its 200 day moving average price is $3.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.14. Data I/O has a 52-week low of $2.52 and a 52-week high of $4.80.

Wall Street Analysts Forecast Growth

DAIO has been the subject of several recent analyst reports. Westpark Capital reaffirmed a “buy” rating and set a $5.00 price objective on shares of Data I/O in a research report on Wednesday. Singular Research restated a “buy” rating on shares of Data I/O in a research note on Tuesday, April 30th.

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.