Dialight (LON:DIA) Hits New 1-Year High – What’s Next?

Shares of Dialight plc (LON:DIA) reached a new 52-week high during mid-day trading on Wednesday . The company 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 Stock Up 1.1%

The firm has a 50-day moving average price of GBX 414.23 and a two-hundred day moving average price of GBX 342.72. The company has a market capitalization of £200.86 million, a price-to-earnings ratio of 502.50, a PEG ratio of 0.32 and a beta of 0.65. The company has a debt-to-equity ratio of 60.08, a current ratio of 2.19 and a quick ratio of 0.78.

Insiders Place Their Bets

In other 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 acquired at an average cost of GBX 414 per share, with a total value of £20,989.80. Also, insider Stephen Blair bought 7,615 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was purchased at an average cost of GBX 390 per share, for a total transaction of £29,698.50. In the last ninety days, insiders purchased 19,435 shares of company stock valued at $8,038,830. 5.24% of the stock is 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.