Dialight (LON:DIA) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Dialight plc (LON:DIA) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 256.72 and traded as high as GBX 354. Dialight shares last traded at GBX 340, with a volume of 28,988 shares changing hands.

Dialight Stock Performance

The stock has a market cap of £132.89 million, a price-to-earnings ratio of 18.15, a PEG ratio of 0.32 and a beta of 0.30. The company’s 50 day simple moving average is GBX 328.39 and its 200 day simple moving average is GBX 258.12. The company has a debt-to-equity ratio of 59.65, a quick ratio of 0.78 and a current ratio of 1.40.

Insider Buying and Selling

In other news, insider Neil A. Johnson bought 14,360 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were purchased at an average price of GBX 270 per share, with a total value of £38,772. 5.20% of the stock is currently owned by 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. The company is headquartered in the UK with operations in Australia, Dubai, the EU, Malaysia, Mexico, Singapore, the UK, and the USA.