Dialight (LON:DIA) Stock Price Up 23.2% on Insider Buying Activity

Dialight plc (LON:DIA)’s stock price was up 23.2% during mid-day trading on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 170 ($2.32) and last traded at GBX 169.44 ($2.32). Approximately 108,289 shares changed hands during mid-day trading, an increase of 391% from the average daily volume of 22,065 shares. The stock had previously closed at GBX 137.50 ($1.88).

Specifically, insider Mark Fryer purchased 13,751 shares of the firm’s stock in a transaction dated Tuesday, June 24th. The shares were purchased at an average cost of GBX 145 ($1.98) per share, for a total transaction of £19,938.95 ($27,242.72).

Dialight Stock Performance

The company has a 50-day moving average price of GBX 114.91 and a two-hundred day moving average price of GBX 113.83. The stock has a market capitalization of £76.08 million, a P/E ratio of -3.30, a PEG ratio of 0.32 and a beta of 0.30. The company has a quick ratio of 0.78, a current ratio of 1.40 and a debt-to-equity ratio of 59.65.

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.