Dialight (LON:DIA) Stock Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Dialight's stock crossed above its 200-day moving average (GBX 290.20), trading as high as GBX 300.56 and last at GBX 298, up about 2.1% on volume of 17,610 shares.
• The company has a market cap of £118.57m with a P/E of 16.2 and PEG of 0.32, but carries high leverage (debt-to-equity 98.34) and mixed liquidity (current ratio 1.96, quick ratio 0.78); the 50-day SMA (GBX 313.54) remains above the current price.
• Dialight is a global provider of sustainable LED lighting for industrial applications with operations across the UK, EU, US and other international markets.

Dialight plc (LON:DIA - ) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 290.20 and traded as high as GBX 300.56. Dialight shares last traded at GBX 298, with a volume of 17,610 shares traded.

Dialight Stock Up 2.1%

The company has a market cap of £118.57 million, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 0.32 and a beta of 0.67. The firm's 50 day simple moving average is GBX 313.54 and its 200 day simple moving average is GBX 290.20. The company has a quick ratio of 0.78, a current ratio of 1.96 and a debt-to-equity ratio of 98.34.

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. The company is headquartered in the UK with operations in Australia, Dubai, the EU, Malaysia, Mexico, Singapore, the UK, and the USA.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.