Dialight (LON:DIA) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Dialight plc (LON:DIA) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 339.73 and traded as high as GBX 491. Dialight shares last traded at GBX 480, with a volume of 14,783 shares changing hands.

Dialight Price Performance

The company has a market cap of £189.07 million, a PE ratio of 473.00, a P/E/G ratio of 0.32 and a beta of 0.65. The company has a 50-day moving average price of GBX 408.94 and a two-hundred day moving average price of GBX 340.67. The company has a debt-to-equity ratio of 60.08, a current ratio of 2.19 and a quick ratio of 0.78.

Insiders Place Their Bets

In other Dialight news, insider Neil A. Johnson purchased 5,070 shares of Dialight stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average price of GBX 414 per share, with a total value of £20,989.80. Also, insider Stephen Blair purchased 7,615 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were bought at an average cost of GBX 390 per share, with a total value of £29,698.50. Over the last three months, insiders have bought 19,435 shares of company stock worth $8,038,830. Corporate insiders own 5.24% 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. The company is headquartered in the UK with operations in Australia, Dubai, the EU, Malaysia, Mexico, Singapore, the UK, and the USA.