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Dialight (LON:DIA) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Dialight logo with Industrials background

Dialight plc (LON:DIA - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 138.66 ($1.88) and traded as high as GBX 194 ($2.63). Dialight shares last traded at GBX 194 ($2.63), with a volume of 8,436 shares.

Dialight Stock Performance

The stock has a market capitalization of £74.09 million, a P/E ratio of -3.21, a P/E/G ratio of 0.32 and a beta of 0.30. The business's fifty day moving average price is GBX 184.75 and its two-hundred day moving average price is GBX 139.88. The company has a debt-to-equity ratio of 59.65, a quick ratio of 0.78 and a current ratio of 1.40.

Insider Activity

In related news, insider Stephen Blair acquired 15,631 shares of the stock in a transaction on Wednesday, July 2nd. The stock was bought at an average cost of GBX 190 ($2.58) per share, with a total value of £29,698.90 ($40,253.32). Also, insider Mark Fryer acquired 13,751 shares of the stock in a transaction on Tuesday, June 24th. The stock was bought at an average cost of GBX 145 ($1.97) per share, with a total value of £19,938.95 ($27,024.87). Corporate insiders own 3.06% of the company's stock.

About Dialight

(Get Free Report)

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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