Dialight (LON:DIA) Stock Price Down 28.4%

Dialight plc (LON:DIA)’s stock price was down 28.4% during trading on Tuesday . The stock traded as low as GBX 158 ($2.12) and last traded at GBX 179 ($2.40). Approximately 124,174 shares traded hands during mid-day trading, an increase of 368% from the average daily volume of 26,506 shares. The stock had previously closed at GBX 250 ($3.35).

Dialight Trading Down 28.4 %

The company has a market capitalization of £71.30 million, a price-to-earnings ratio of -643.33, a price-to-earnings-growth 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. The company’s fifty day simple moving average is GBX 207.27 and its two-hundred day simple moving average is GBX 187.34.

Insiders Place Their Bets

In other Dialight news, insider Stephen Blair acquired 5,756 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average cost of GBX 223 ($2.99) per share, for a total transaction of £12,835.88 ($17,187.84). Over the last ninety days, insiders have acquired 48,609 shares of company stock worth $9,511,389. Corporate insiders own 3.61% 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.