Dialight (LON:DIA) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• Dialight plc shares have recently surpassed their 200-day moving average, indicating potential growth, trading at GBX 220 ($2.96) compared to the average of GBX 155.71 ($2.09).
• The company has a market cap of £87.53 million along with a notably high debt-to-equity ratio of 59.65 and a P/E ratio of -639.53.
• Insider Stephen Blair purchased 15,631 shares at an average price of GBX 190, representing a total investment of approximately £29,698.90.

Dialight plc (LON:DIA - )'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 155.71 ($2.09) and traded as high as GBX 220 ($2.96). Dialight shares last traded at GBX 220 ($2.96), with a volume of 5,984 shares.

Dialight Stock Performance

The company has a current ratio of 1.40, a quick ratio of 0.78 and a debt-to-equity ratio of 59.65. The company has a market cap of £87.53 million, a P/E ratio of -639.53, a PEG ratio of 0.32 and a beta of 0.30. The business's 50 day simple moving average is GBX 207.08 and its 200 day simple moving average is GBX 155.71.

Insider Activity at Dialight

In other news, insider Stephen Blair bought 15,631 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were bought at an average price of GBX 190 per share, for a total transaction of £29,698.90. 5.14% of the stock is owned by insiders.

Dialight Company Profile

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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