Dialight (LON:DIA) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Dialight plc stock price crossed above its 200-day moving average during trading, indicating potential upward momentum, currently trading at GBX 210 ($2.87).
• Despite recent gains, the company's stock is down 4.5%, with a market capitalization of £83.55 million and a high P/E ratio of -610.47.
• Insiders have shown confidence in the company, with notable purchases of shares by Mark Fryer and Stephen Blair, highlighting potential positive sentiment among executives.

Shares of Dialight plc (LON:DIA - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 152.30 ($2.05) and traded as high as GBX 224 ($3.02). Dialight shares last traded at GBX 210 ($2.83), with a volume of 23,969 shares trading hands.

Dialight Stock Performance

The stock has a 50 day moving average of GBX 206.60 and a 200 day moving average of GBX 154.08. The company has a quick ratio of 0.78, a current ratio of 1.40 and a debt-to-equity ratio of 59.65. The firm has a market cap of £89.12 million, a price-to-earnings ratio of -651.16, a P/E/G ratio of 0.32 and a beta of 0.30.

Insider Buying and Selling

In related news, insider Mark Fryer acquired 13,751 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was acquired at an average cost of GBX 145 per share, for a total transaction of £19,938.95. Also, insider Stephen Blair acquired 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, with a total value of £29,698.90. 5.14% of the stock is 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.