Dialight (LON:DIA) Reaches New 52-Week Low – Time to Sell?

Shares of Dialight plc (LON:DIA) hit a new 52-week low on Wednesday . The company traded as low as GBX 134 ($1.74) and last traded at GBX 139 ($1.80), with a volume of 7844 shares changing hands. The stock had previously closed at GBX 137.50 ($1.78).

Dialight Trading Down 4.5 %

The firm’s 50 day simple moving average is GBX 195.67 and its 200-day simple moving average is GBX 186.89. The company has a market capitalization of £52.50 million, a PE ratio of -463.26, a P/E/G 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 47.10.

Insider Buying and Selling

In related news, insider Stephen Blair acquired 23,948 shares of Dialight stock in a transaction on Thursday, August 29th. The shares were bought at an average price of GBX 207 ($2.68) per share, for a total transaction of £49,572.36 ($64,287.85). In the last three months, insiders acquired 57,037 shares of company stock valued at $10,994,717. Company insiders own 3.06% of the company’s stock.

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.