Dialight (LON:DIA) Shares Pass Above 200 Day Moving Average – Here’s Why

Dialight plc (LON:DIA)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 111.24 ($1.50) and traded as high as GBX 123 ($1.66). Dialight shares last traded at GBX 123 ($1.66), with a volume of 146,494 shares changing hands.

Dialight Stock Down 1.6%

The company has a quick ratio of 0.78, a current ratio of 1.40 and a debt-to-equity ratio of 59.65. The stock has a 50 day simple moving average of GBX 107.70 and a 200 day simple moving average of GBX 111.24. The stock has a market cap of £49.00 million, a price-to-earnings ratio of -2.13, a PEG ratio of 0.32 and a beta of 0.30.

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.