Insider Buying: Dialight Plc (DIA) Insider Buys 12,500 Shares of Stock

Dialight Plc (LON:DIA) insider Martin L. Rapp purchased 12,500 shares of the stock in a transaction dated Monday, January 8th. The stock was purchased at an average cost of GBX 573 ($7.77) per share, for a total transaction of £71,625 ($97,131.81).

Dialight Plc (DIA) opened at GBX 606 ($8.22) on Thursday. The firm has a market capitalization of $197.08 and a price-to-earnings ratio of 4,661.54. Dialight Plc has a 12 month low of GBX 530 ($7.19) and a 12 month high of GBX 1,115 ($15.12).

A number of analysts have recently issued reports on DIA shares. N+1 Singer lowered their price target on Dialight from GBX 710 ($9.63) to GBX 630 ($8.54) and set a “hold” rating on the stock in a research note on Friday, December 15th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 565 ($7.66) price target on shares of Dialight in a research note on Monday. Finally, Berenberg Bank lowered their price target on Dialight from GBX 530 ($7.19) to GBX 420 ($5.70) and set a “sell” rating on the stock in a research note on Friday, December 15th.

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Dialight Company Profile

Dialight plc is a holding company. The Company manufactures and sells lighting products in the industrial market. It operates through two segments: Lighting, and Signals and Components. Its Lighting segment develops, manufactures and supplies light emitting diode (LED) lighting solutions for hazardous and industrial applications, and includes anti-collision obstruction lighting.

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