Dialight (LON:DIA) Trading Up 10.8% – Here’s Why

Shares of Dialight plc (LON:DIA) were up 10.8% during mid-day trading on Thursday . The company traded as high as GBX 405 and last traded at GBX 399. Approximately 102,788 shares traded hands during mid-day trading, an increase of 181% from the average daily volume of 36,552 shares. The stock had previously closed at GBX 360.

Dialight Trading Up 10.8%

The company has a market capitalization of £159.49 million, a P/E ratio of 21.68, a P/E/G ratio of 0.32 and a beta of 0.63. The stock’s 50 day moving average is GBX 300.32 and its 200-day moving average is GBX 312.10. The company has a debt-to-equity ratio of 98.34, a current ratio of 1.96 and a quick ratio of 0.78.

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.