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

Key Points

• Dialight plc surpassed its 200-day moving average of GBX 148.92, trading as high as GBX 242 during recent sessions, indicating positive momentum in the stock price.
• The company has a market capitalization of £86.73 million and is characterized by a significant debt-to-equity ratio of 59.65.
• Insiders have been active in purchasing shares, with Stephen Blair acquiring 15,631 shares at GBX 190 and Mark Fryer buying 13,751 shares at GBX 145, signaling confidence in the company's performance.

Dialight plc (LON:DIA - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 148.92 ($2.02) and traded as high as GBX 242 ($3.29). Dialight shares last traded at GBX 228.32 ($3.10), with a volume of 12,920 shares changing hands.

Dialight Trading Down 3.1%

The company has a debt-to-equity ratio of 59.65, a quick ratio of 0.78 and a current ratio of 1.40. The stock has a market capitalization of £86.73 million, a PE ratio of -633.72, a price-to-earnings-growth ratio of 0.32 and a beta of 0.30. The business's 50-day moving average is GBX 204.33 and its two-hundred day moving average is GBX 150.59.

Insider Buying and Selling

In related news, insider Stephen Blair bought 15,631 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were acquired at an average cost of GBX 190 per share, with a total value of £29,698.90. Also, insider Mark Fryer bought 13,751 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were acquired at an average cost of GBX 145 per share, with a total value of £19,938.95. 5.14% of the stock is currently owned by company insiders.

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.