Exclusive: Could Data I O Corporation See a Reversal After Breaking Its 52-Week High?

Exclusive: Could Data I O Corporation See a Reversal After Breaking Its 52 Week High?

The stock of Data I O Corporation (NASDAQ:DAIO) hit a new 52-week high and has $4.52 target or 5.00% above today’s $4.30 share price. The 8 months bullish chart indicates low risk for the $38.19 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $4.52 price target is reached, the company will be worth $1.91 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 54,158 shares traded hands or 113.23% up from the average. Data I O Corporation (NASDAQ:DAIO) has risen 94.69% since April 26, 2016 and is uptrending. It has outperformed by 89.43% the S&P500.

Analysts await Data I O Corporation (NASDAQ:DAIO) to report earnings on February, 23.

According to Zacks Investment Research, “Data I/O Corporation is engaged in the design, manufacture, and sale of programming systems that are used by designers and manufacturers of electronic products. The company’s programming system products are used to program integrated circuits with the specific unique data for the product within which the integrated circuits will be used, and are an important tool for the electronics industry which is experiencing growing use of programmable integrated circuits. Data I/O markets and distributes its programming systems worldwide.”

Insitutional Activity: The institutional sentiment increased to 2.5 in Q2 2016. Its up 0.50, from 2 in 2016Q1. The ratio increased, as 0 funds sold all Data I O Corporation shares owned while 3 reduced positions. 3 funds bought stakes while 3 increased positions. They now own 1.69 million shares or 3.15% more from 1.64 million shares in 2016Q1.
James Inv reported 9,150 shares or 0% of all its holdings. Northern Trust Corporation, a Illinois-based fund reported 19,003 shares. Morgan Stanley, a New York-based fund reported 3,801 shares. National Bank Of New York Mellon Corporation reported 20,390 shares or 0% of all its holdings. Perritt Cap Mngmt has 0.11% invested in the company for 180,888 shares. Tower Capital Limited Liability Co (Trc) accumulated 903 shares or 0% of the stock. The California-based Wells Fargo & Mn has invested 0% in Data I O Corporation (NASDAQ:DAIO). Retail Bank Of America De, a North Carolina-based fund reported 16 shares. The Massachusetts-based Grt Cap Prtnrs Ltd Liability Company has invested 0.04% in Data I O Corporation (NASDAQ:DAIO). California Pub Employees Retirement Systems, a California-based fund reported 27,600 shares. Penbrook Management Lc has 465,090 shares for 1.2% of their US portfolio. Dimensional Fund Advsr Limited Partnership accumulated 300,492 shares or 0% of the stock. Blackrock Fund Advsr has 1,405 shares for 0% of their US portfolio. Renaissance Techs Ltd Liability Corporation last reported 0% of its portfolio in the stock. Finemark Fincl Bank & Tru last reported 0% of its portfolio in the stock.

More notable recent Data I O Corporation (NASDAQ:DAIO) news were published by: Seekingalpha.com which released: “Data I/O Corporation’s (DAIO) CEO Anthony Ambrose on Q3 2016 Results …” on October 30, 2016, also Streetinsider.com with their article: “Form 4 DATA I/O CORP For: Oct 25 Filed by: Ambrose Anthony” published on October 27, 2016, Marketwired.com published: “Data I/O Selected by Bosch Car Multimedia as Exclusive Partner for Managed and …” on July 18, 2016. More interesting news about Data I O Corporation (NASDAQ:DAIO) were released by: Marketwired.com and their article: “Data I/O Reports Third Quarter 2016 Results” published on October 27, 2016 as well as Marketwired.com‘s news article titled: “Data I/O to Present at B. Riley & Co.’s 17th Annual Investor Conference on May 26” with publication date: May 05, 2016.

DAIO Company Profile

Data I/O Corporation, incorporated on April 3, 1969, provides programming and associated intellectual property management solutions. The Company’s solutions are used in the manufacturing of flash, microcontrollers and flash-memory intelligent devices. The Firm designs, makes and sells programming systems used by designers and manufacturers of electronic products. The Company’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 Firm also provides services related to hardware support, system installation and repair, and device programming.

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