Dialight (LON:DIA) Reaches New 52-Week High – Time to Buy?

Dialight plc (LON:DIA)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 570 and last traded at GBX 566, with a volume of 7773 shares changing hands. The stock had previously closed at GBX 540.

Dialight Trading Up 4.8%

The company has a debt-to-equity ratio of 60.08, a current ratio of 2.19 and a quick ratio of 0.78. The firm has a fifty day simple moving average of GBX 463.68 and a two-hundred day simple moving average of GBX 366.28. The firm has a market capitalization of £226.27 million, a P/E ratio of 566.00, a price-to-earnings-growth ratio of 0.32 and a beta of 0.64.

Insider Buying and Selling at Dialight

In other Dialight news, insider Stephen Blair acquired 7,615 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were acquired at an average cost of GBX 390 per share, with a total value of £29,698.50. Also, insider Neil A. Johnson bought 5,070 shares of the business’s stock in a transaction on Friday, June 26th. The shares were acquired at an average price of GBX 414 per share, with a total value of £20,989.80. Insiders have bought a total of 19,435 shares of company stock valued at $8,038,830 in the last quarter. 5.26% of the stock is owned by corporate insiders.

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.