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Dialight (LON:DIA) Shares Up 23.2% - Should You Buy?

Dialight logo with Industrials background

Shares of Dialight plc (LON:DIA - Get Free Report) shot up 23.2% during trading on Tuesday . The company traded as high as GBX 170 ($2.32) and last traded at GBX 169.44 ($2.32). 108,289 shares changed hands during mid-day trading, an increase of 391% from the average session volume of 22,065 shares. The stock had previously closed at GBX 137.50 ($1.88).

Dialight Price Performance

The stock has a market capitalization of £75.69 million, a PE ratio of -3.28, a PEG ratio of 0.32 and a beta of 0.30. The firm's fifty day moving average price is GBX 113.37 and its two-hundred day moving average price is GBX 113.30. The company has a quick ratio of 0.78, a current ratio of 1.40 and a debt-to-equity ratio of 59.65.

Insiders Place Their Bets

In other news, insider Mark Fryer acquired 13,751 shares of Dialight stock in a transaction that occurred on Tuesday, June 24th. The stock was bought at an average price of GBX 145 ($1.98) per share, for a total transaction of £19,938.95 ($27,242.72). 3.06% of the stock is currently owned by insiders.

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.

Further Reading

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