Dialight (LON:DIA) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Dialight's share price crossed above its 200-day moving average, reaching a high of GBX 218 ($2.94) during trading, which indicates a positive trend for the stock.
• The company reported a 10.2% increase in stock value, alongside a market capitalization of £85.94 million and a negative price-to-earnings ratio of -627.91.
• Insider buying activity includes notable transactions by Mark Fryer and Stephen Blair, suggesting confidence in the company's future, as they acquired shares at prices below the current market value.

Dialight plc (LON:DIA - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 144.93 ($1.95) and traded as high as GBX 218 ($2.93). Dialight shares last traded at GBX 216 ($2.90), with a volume of 41,672 shares changing hands.

Dialight Trading Up 1.8%

The stock has a market capitalization of £90.71 million, a price-to-earnings ratio of -662.79, a P/E/G ratio of 0.32 and a beta of 0.30. The company has a debt-to-equity ratio of 59.65, a quick ratio of 0.78 and a current ratio of 1.40. The firm has a fifty day moving average of GBX 201.63 and a 200-day moving average of GBX 147.34.

Insider Buying and Selling at Dialight

In related news, insider Stephen Blair purchased 15,631 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was purchased at an average cost of GBX 190 per share, for a total transaction of £29,698.90. Also, insider Mark Fryer purchased 13,751 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was bought at an average price of GBX 145 per share, with a total value of £19,938.95. 5.14% of the stock is currently owned by corporate insiders.

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.