Dialight (LON:DIA) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Dialight plc (LON:DIA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 387.25 and traded as high as GBX 590. Dialight shares last traded at GBX 560, with a volume of 26,182 shares.

Dialight Trading Down 1.4%

The company has a debt-to-equity ratio of 60.08, a quick ratio of 0.78 and a current ratio of 2.19. The company has a market capitalization of £225.11 million, a PE ratio of 560.00, a PEG ratio of 0.32 and a beta of 0.64. The stock has a fifty day moving average of GBX 503.36 and a 200 day moving average of GBX 387.25.

Insider Activity at Dialight

In related news, insider Neil A. Johnson bought 5,070 shares of the stock in a transaction dated Friday, June 26th. The shares were purchased at an average price of GBX 414 per share, with a total value of £20,989.80. Also, insider Stephen Blair bought 6,750 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were bought at an average price of GBX 440 per share, with a total value of £29,700. In the last quarter, insiders have bought 19,435 shares of company stock worth $8,038,830. Company insiders own 5.26% of the company’s stock.

About Dialight

Dialight (LSE: DIA.L) is a global leader in sustainable LED lighting for industrial applications. Dialight’s LED products are providing the next generation of lighting solutions that deliver reduced energy consumption and create a safer working environment. Our products are specifically designed to provide superior operational performance, reliability and durability, reducing energy consumption and ongoing maintenance, and achieving a rapid return on investment. The company is headquartered in the UK with operations in Australia, Dubai, the EU, Malaysia, Mexico, Singapore, the UK, and the USA.