Shore Capital Reaffirms Buy Rating for Bytes Technology Group (LON:BYIT)

Bytes Technology Group (LON:BYIT - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Shore Capital in a research note issued on Wednesday, Marketbeat.com reports.

Separately, Berenberg Bank upped their price target on Bytes Technology Group from GBX 640 ($8.50) to GBX 660 ($8.77) and gave the company a "buy" rating in a research note on Tuesday, March 18th.

Bytes Technology Group Trading Up 0.2%

LON:BYIT traded up GBX 1 ($0.01) during trading hours on Wednesday, hitting GBX 551 ($7.32). The company had a trading volume of 655,754 shares, compared to its average volume of 1,194,401. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 0.67. The company has a 50-day moving average of GBX 478.71 and a 200 day moving average of GBX 456.78. The company has a market cap of £1.33 billion, a P/E ratio of 25.61, a P/E/G ratio of 2.27 and a beta of 0.65. Bytes Technology Group has a 1 year low of GBX 400 ($5.31) and a 1 year high of GBX 610 ($8.11).

About Bytes Technology Group

With a 40-year track record, Bytes Technology Group is one of the UK's leading providers of software, security and cloud services. We enable effective and cost-efficient technology sourcing, adoption and management across software, security, hardware and cloud services. Our strong relationships with many of the world's largest software companies enable our specialist staff to deliver the latest technology to a diverse and embedded customer base.