Dialight (DIALF) Coverage Initiated at Berenberg Bank

Berenberg Bank assumed coverage on shares of Dialight (NASDAQ:DIALF) in a report released on Wednesday morning. The firm issued a sell rating on the stock.

Dialight (NASDAQ:DIALF) opened at 10.15 on Wednesday. The stock has a 50 day moving average price of $11.02 and a 200 day moving average price of $12.46. Dialight has a 12 month low of $8.60 and a 12 month high of $14.00. The stock has a market capitalization of $329.99 million and a P/E ratio of 63.04.

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About Dialight

Dialight plc, together with its subsidiaries, manufactures and sells LED lighting products for use in hazardous and industrial locations in North America, the United Kingdom and rest of Europe, and internationally. It operates through two segments, Lighting, and Signals and Components. The company’s LED lighting solutions include high bays, floodlights, area lights, linears, low bays, and wallpacks/bulkheads; infrastructure solutions, such as street lights and roadway sign lights; high bay controls; lighting layout software; hazardous area solutions; and architectural solutions.

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