Dialight (LON:DIA) Reaches New 52-Week High – Here’s What Happened

Shares of Dialight plc (LON:DIA) hit a new 52-week high during trading on Monday . The company traded as high as GBX 568 and last traded at GBX 546, with a volume of 165943 shares trading hands. The stock had previously closed at GBX 520.

Dialight Stock Down 0.4%

The business’s 50-day moving average is GBX 442.71 and its two-hundred day moving average is GBX 357.30. The firm has a market capitalization of £223.03 million, a price-to-earnings ratio of 557.90, a P/E/G ratio of 0.32 and a beta of 0.64. The company has a debt-to-equity ratio of 60.08, a quick ratio of 0.78 and a current ratio of 2.19.

Insider Activity at Dialight

In other news, insider Stephen Blair bought 6,750 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were bought at an average cost of GBX 440 per share, for a total transaction of £29,700. Also, insider Neil A. Johnson purchased 5,070 shares of Dialight stock in a transaction dated Friday, June 26th. The shares were purchased at an average cost of GBX 414 per share, for a total transaction of £20,989.80. Insiders acquired 19,435 shares of company stock valued at $8,038,830 in the last ninety days. Insiders own 5.26% of the company’s stock.

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.