Berenberg Bank started coverage on shares of Dialight (NASDAQ:DIALF) in a research note issued to investors on Wednesday. The firm issued a sell rating on the stock.

Shares of Dialight (NASDAQ:DIALF) remained flat at $10.15 during midday trading on Wednesday. Dialight has a 52-week low of $8.60 and a 52-week high of $14.00. The firm has a market capitalization of $329.99 million and a PE ratio of 63.04. The company has a 50 day moving average of $11.22 and a 200 day moving average of $12.49.

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Dialight Company Profile

Dialight plc, together with its subsidiaries, manufactures and sells LED lighting products for use in hazardous and industrial locations in North America, the United Kingdom and rest of Europe, and internationally. It operates through two segments, Lighting, and Signals and Components. The company’s LED lighting solutions include high bays, floodlights, area lights, linears, low bays, and wallpacks/bulkheads; infrastructure solutions, such as street lights and roadway sign lights; high bay controls; lighting layout software; hazardous area solutions; and architectural solutions.

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