Dialight (LON:DIA) Sets New 12-Month High – Still a Buy?

Dialight plc (LON:DIA)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 438 and last traded at GBX 428.32, with a volume of 97626 shares trading hands. The stock had previously closed at GBX 426.

Dialight Stock Up 0.5%

The company’s 50-day moving average price is GBX 346.24 and its 200 day moving average price is GBX 324.65. 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 stock has a market cap of £171.21 million, a PE ratio of 23.28, a price-to-earnings-growth ratio of 0.32 and a beta of 0.66.

Insider Buying and Selling

In other Dialight news, insider Neil A. Johnson purchased 5,070 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were acquired at an average cost of GBX 414 per share, for a total transaction of £20,989.80. Also, insider Stephen Blair acquired 7,615 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost of GBX 390 per share, with a total value of £29,698.50. 5.19% of the stock is currently owned by corporate 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.