Dialight (LON:DIA) Shares Cross Above 200 Day Moving Average of $243.64

Dialight Plc (LON:DIA) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $243.64 and traded as high as $340.00. Dialight shares last traded at $332.00, with a volume of 7,275 shares.

Separately, Peel Hunt reaffirmed a “hold” rating on shares of Dialight in a research note on Thursday, June 11th.

The business has a 50-day moving average of GBX 265.94 and a 200 day moving average of GBX 243.64. The company has a current ratio of 2.21, a quick ratio of 0.72 and a debt-to-equity ratio of 43.22. The firm has a market capitalization of $107.77 million and a P/E ratio of -6.67.

In other news, insider Fariyal Khanbabi acquired 5,089 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was purchased at an average price of £196.50 ($250.10) per share, for a total transaction of £999,988.50 ($1,272,735.78).

About Dialight (LON:DIA)

Dialight plc, together with its subsidiaries, primarily develops, manufactures, and supplies LED lighting solutions for use in hazardous and industrial applications in North America, EMEA, and internationally. The company operates in two segments, Lighting; and Signals and Components. It offers high and low bays, and high outputs; conveyor, flood, and street lights; various linear products; and area lights, wallpacks/bulkheads, and related battery backup products.

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