Dialight (LON:DIA) Trading Up 23.2% Following Insider Buying Activity

Dialight plc (LON:DIA) shares shot up 23.2% during mid-day trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as GBX 170 ($2.32) and last traded at GBX 169.44 ($2.32). 108,289 shares were traded during 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).

Specifically, insider Mark Fryer purchased 13,751 shares of the business’s stock in a transaction on Tuesday, June 24th. The stock was acquired at an average price of GBX 145 ($1.98) per share, with a total value of £19,938.95 ($27,242.72).

Dialight Price Performance

The firm has a 50-day moving average price of GBX 114.91 and a 200 day moving average price of GBX 113.83. The stock has a market capitalization of £76.08 million, a P/E ratio of -3.30, a price-to-earnings-growth ratio of 0.32 and a beta of 0.30. The company has a debt-to-equity ratio of 59.65, a quick ratio of 0.78 and a current ratio of 1.40.

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.