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

Shares of Dialight plc (LON:DIA) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 530 and last traded at GBX 520, with a volume of 16154 shares traded. The stock had previously closed at GBX 520.

Dialight Price Performance

The company has a market capitalization of £207.88 million, a price-to-earnings ratio of 520.00, a price-to-earnings-growth ratio of 0.32 and a beta of 0.64. The company has a debt-to-equity ratio of 60.08, a current ratio of 2.19 and a quick ratio of 0.78. The business has a fifty day moving average price of GBX 424.06 and a 200 day moving average price of GBX 347.71.

Insider Transactions at Dialight

In related news, insider Neil A. Johnson bought 5,070 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average price of GBX 414 per share, for a total transaction of £20,989.80. Also, insider Stephen Blair bought 7,615 shares of the stock in a transaction on Thursday, June 25th. The shares were bought at an average cost of GBX 390 per share, for a total transaction of £29,698.50. Insiders purchased a total of 19,435 shares of company stock valued at $8,038,830 in the last quarter. 5.26% of the stock is currently owned by 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.