Dialight (LON:DIA) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Dialight plc's stock has crossed above its 200-day moving average, indicating potential bullish momentum, with shares currently priced at GBX 199 ($2.65).
• Insider activity includes purchases by Stephen Blair and Mark Fryer, indicating insider confidence, with total transactions of £49,637.85 ($66,998.01).
• The company reported a market capitalization of £76.48 million and a price-to-earnings ratio of -3.32, suggesting challenges in profitability.

Dialight plc (LON:DIA - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 134.87 ($1.81) and traded as high as GBX 208.30 ($2.80). Dialight shares last traded at GBX 199 ($2.68), with a volume of 3,710 shares trading hands.

Dialight Stock Down 0.4%

The stock has a market cap of £73.43 million, a PE ratio of -3.19, a price-to-earnings-growth ratio of 0.32 and a beta of 0.30. 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 business has a 50-day moving average price of GBX 176.44 and a 200-day moving average price of GBX 136.94.

Insiders Place Their Bets

In other news, insider Stephen Blair acquired 15,631 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were bought at an average price of GBX 190 ($2.56) per share, for a total transaction of £29,698.90 ($39,944.72). Also, insider Mark Fryer acquired 13,751 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was purchased at an average price of GBX 145 ($1.95) per share, for a total transaction of £19,938.95 ($26,817.69). Company insiders own 3.06% of the company's stock.

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.