Dialight (LON:DIA) Sets New 12-Month Low – Here’s What Happened

Dialight plc (LON:DIA)’s share price hit a new 52-week low on Wednesday . The stock traded as low as GBX 115 ($1.50) and last traded at GBX 117 ($1.52), with a volume of 66153 shares. The stock had previously closed at GBX 137 ($1.78).

Dialight Price Performance

The stock has a 50 day simple moving average of GBX 189.19 and a 200-day simple moving average of GBX 186.27. The firm has a market cap of £46.60 million, a PE ratio of -390.00, a price-to-earnings-growth ratio of 0.32 and a beta of 0.30. The company has a current ratio of 1.40, a quick ratio of 0.78 and a debt-to-equity ratio of 47.10.

Insider Buying and Selling at Dialight

In related news, insider Stephen Blair bought 5,756 shares of the stock in a transaction dated Friday, September 13th. The shares were purchased at an average price of GBX 223 ($2.90) per share, with a total value of £12,835.88 ($16,709.03). Insiders purchased a total of 57,037 shares of company stock valued at $10,994,717 in the last three months. 3.06% of the stock is currently owned by corporate insiders.

Dialight Company Profile

Dialight plc, together with its subsidiaries, primarily develops, manufactures, and supplies LED lighting solutions for use in hazardous and industrial applications in North America, Europe, the Middle East, Africa, and internationally. The company operates in two segments, Lighting, and Signals & Components.