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

Dialight logo with Industrials background

Key Points

  • Dialight plc shares surpassed their 200-day moving average during trading, reaching a peak of GBX 189.16 ($2.54) before closing at GBX 187 ($2.51).
  • Recent insider transactions include Stephen Blair purchasing 15,631 shares at GBX 190 and Mark Fryer buying 13,751 shares at GBX 145, indicating confidence in the company's future.
  • The company has a market capitalization of £74.49 million and a negative price-to-earnings ratio of -3.23, raising questions about its profitability.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of Dialight plc (LON:DIA - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 141.81 ($1.91) and traded as high as GBX 189.16 ($2.55). Dialight shares last traded at GBX 187 ($2.52), with a volume of 1,458 shares trading hands.

Dialight Price Performance

The stock has a market capitalization of £77.68 million, a P/E ratio of -3.37, a P/E/G ratio of 0.32 and a beta of 0.30. The company's 50-day moving average price is GBX 195.67 and its 200 day moving average price is GBX 143.84. The company has a debt-to-equity ratio of 59.65, a quick ratio of 0.78 and a current ratio of 1.40.

Insider Buying and Selling at Dialight

In other news, insider Stephen Blair acquired 15,631 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were purchased at an average cost of GBX 190 per share, for a total transaction of £29,698.90. Also, insider Mark Fryer acquired 13,751 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were purchased at an average price of GBX 145 per share, for a total transaction of £19,938.95. 3.06% of the stock is owned by company insiders.

About Dialight

(Get Free Report)

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.

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