Dialight (LON:DIA) Sets New 52-Week High – Time to Buy?

Dialight plc (LON:DIA) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 520 and last traded at GBX 502.50, with a volume of 96897 shares. The stock had previously closed at GBX 497.

Dialight Price Performance

The company has a debt-to-equity ratio of 60.08, a quick ratio of 0.78 and a current ratio of 2.19. The company’s fifty day moving average price is GBX 414.23 and its 200 day moving average price is GBX 342.72. The firm has a market capitalization of £200.86 million, a price-to-earnings ratio of 502.50, a price-to-earnings-growth ratio of 0.32 and a beta of 0.65.

Insider Buying and Selling at Dialight

In other Dialight news, insider Stephen Blair purchased 6,750 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was acquired at an average cost of GBX 440 per share, with a total value of £29,700. Also, insider Neil A. Johnson purchased 5,070 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were bought at an average cost of GBX 414 per share, for a total transaction of £20,989.80. Insiders bought a total of 19,435 shares of company stock worth $8,038,830 in the last 90 days. 5.24% of the stock is owned by corporate insiders.

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.