It is currently trading at $12.74 impressively higher than the 50 day moving average which is $9.78 and which is significantly higher than the 200 day moving average of $8.18. The 50 day moving average was up by +30.21% and the 200 day average went up by +55.68%. Trading was heavy with 799K shares changing hands on Tuesday. Shares saw a steep increase in trading volume of 255.16% over the normal average daily volume.
Short traders are more bullish on the company considering the motion in short interest. The firm experienced a fall in short interest between September 29, 2017 and October 13, 2017 of -37.84%. Short shares fell from 56,694 to 35,240 over that period. Days to cover decreased -1.0 to 0.0 and the percentage of shorted shares was 0.00% on October 13.
There has been some selling insider activity on Data I/O Corporation (NASDAQ:DAIO) recently. Rajeev Gulati, Vice President CTO let go of $106,319 worth of shares at a price of $9.69 on Fri the 13th. That brings Gulati’s holdings to $720,597 as reported to the SEC.
These firms have modified their investment in DAIO. Kcg Holdings, Inc. bolstered its holdings by buying 13,833 shares an increase of 58.8% from 03/31/2017 to 06/30/2017. Kcg Holdings, Inc. claims 37,357 shares valued at $297,000. The total value of its holdings increased 153.8%. As of quarter end Spark Investment Management LLC had acquired 33,800 shares growing its holdings by 120.7%. The value of the total investment in Data I/O Corporation increased from $139,000 to $491,000 a change of 253.2% since the last quarter.
As of the end of the quarter Ubs Group Ag had bought a total of 632 shares growing its position 376.2%. The value of the investment in Data I/O Corporation went from $1,000 to $6,000 increasing 500.0% quarter to quarter. Cable Hill Partners, LLC augmented its ownership by buying 5,000 shares an increase of 11.1%. Cable Hill Partners, LLC currently owns 50,000 shares with a value of $498,000. The value of the position overall is up by 41.9%.
The most current P/E ratio is 29.70 and the market cap is 104.11M.
Data I/O Corporation, launched on April 3, 1969, provides programming and associated intellectual property management solutions. The Business’s solutions are used in the manufacturing of flash, microcontrollers and flash-memory-based intelligent devices. The Company designs, manufactures and sells programming systems used by designers and manufacturers of electronic products. The Business’s solutions, which include associated intellectual property management, secure content management and process control capabilities, enable it to address the requirements of the electronic device market. The Company also provides services related to hardware support, system installation and repair, and device programming..