Dialight (LON:DIA) Sets New 1-Year High on Insider Buying Activity

Dialight plc (LON:DIA) reached 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 acquired 6,750 shares of the stock in a transaction that occurred 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 Stock Performance

The company has a market capitalization of £189.87 million, a price-to-earnings ratio of 475.00, a P/E/G ratio of 0.32 and a beta of 0.65. The company has a debt-to-equity ratio of 60.08, a quick ratio of 0.78 and a current ratio of 2.19. The firm has a 50-day simple moving average of GBX 386.78 and a two-hundred day simple moving average of GBX 333.85.

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.