Dialight (LON:DIA) Reaches New 12-Month High on Insider Buying Activity

Dialight plc (LON:DIA)’s share price hit a new 52-week high on Thursday following insider buying activity. The company traded as high as GBX 480 and last traded at GBX 475, with a volume of 473122 shares. The stock had previously closed at GBX 440.

Specifically, insider Stephen Blair bought 6,750 shares of Dialight 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.

Dialight Trading Up 8.0%

The business’s 50-day moving average price is GBX 390.38 and its two-hundred day moving average price is GBX 334.74. 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 market cap of £189.87 million, a price-to-earnings ratio of 475.00, a price-to-earnings-growth ratio of 0.32 and a beta of 0.65.

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.