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

Key Points

• Dialight's share price recently crossed above its 200-day moving average, trading as high as GBX 218 ($2.94) before closing at GBX 216 ($2.92).
• The company's stock experienced a 10.2% increase and has a market cap of £85.94 million, with a P/E ratio of -627.91.
• Insider purchases were noted, with Stephen Blair and Mark Fryer acquiring 15,631 and 13,751 shares respectively at prices of GBX 190 and GBX 145 per share.

Shares of Dialight plc (LON:DIA - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 144.93 ($1.95) and traded as high as GBX 218 ($2.93). Dialight shares last traded at GBX 216 ($2.90), with a volume of 41,672 shares traded.

Dialight Stock Up 1.8%

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 firm's 50-day moving average price is GBX 201.63 and its 200 day moving average price is GBX 147.34. The firm has a market cap of £90.71 million, a P/E ratio of -662.79, a PEG ratio of 0.32 and a beta of 0.30.

Insider Transactions at Dialight

In other Dialight news, insider Mark Fryer bought 13,751 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were purchased at an average price of GBX 145 per share, with a total value of £19,938.95. Also, insider Stephen Blair bought 15,631 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was acquired at an average cost of GBX 190 per share, for a total transaction of £29,698.90. Company insiders own 5.14% of the company's stock.

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.