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

Key Points

• Dialight plc stock crossed above its 200-day moving average during trading on Monday, indicating a potential positive trend with the recent price reaching GBX 215.30 ($2.88).
• The company reported a debt-to-equity ratio of 59.65, alongside a market capitalization of £80.07 million and a significantly low P/E ratio of -3.47.
• Insiders have shown confidence in the company by purchasing shares, with Stephen Blair buying 15,631 shares and Mark Fryer acquiring 13,751 shares at average prices of GBX 190 ($2.54) and GBX 145 ($1.94) respectively.

Dialight plc (LON:DIA - ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 130.56 ($1.74) and traded as high as GBX 222 ($2.97). Dialight shares last traded at GBX 215.30 ($2.88), with a volume of 37,787 shares trading hands.

Dialight Trading Down 3.8%

The company has a debt-to-equity ratio of 59.65, a current ratio of 1.40 and a quick ratio of 0.78. The stock's 50 day moving average is GBX 160.35 and its 200-day moving average is GBX 130.56. The company has a market capitalization of £80.07 million, a P/E ratio of -3.47, a P/E/G ratio of 0.32 and a beta of 0.30.

Insider Buying and Selling

In other news, insider Stephen Blair bought 15,631 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was bought at an average price of GBX 190 ($2.54) per share, for a total transaction of £29,698.90 ($39,677.89). Also, insider Mark Fryer purchased 13,751 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were purchased at an average price of GBX 145 ($1.94) per share, for a total transaction of £19,938.95 ($26,638.54). 3.06% 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.

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