Bytes Technology Group plc (LON:BYIT - Get Free Report)'s share price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 341.60 ($4.66) and last traded at GBX 341.60 ($4.66), with a volume of 10191200 shares traded. The stock had previously closed at GBX 508.50 ($6.94).
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Shore Capital lowered Bytes Technology Group to a "hold" rating in a report on Wednesday. Berenberg Bank lifted their price target on Bytes Technology Group from GBX 640 ($8.74) to GBX 660 ($9.01) and gave the company a "buy" rating in a research note on Tuesday, March 18th.
Read Our Latest Report on BYIT
Bytes Technology Group Stock Up 3.0%
The firm's fifty day simple moving average is GBX 513.17 and its 200-day simple moving average is GBX 470.55. The company has a market cap of £851.53 million, a PE ratio of 16.35, a P/E/G ratio of 2.27 and a beta of 0.65. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 0.67.
Bytes Technology Group (LON:BYIT - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported GBX 25.07 ($0.34) earnings per share (EPS) for the quarter. Bytes Technology Group had a return on equity of 66.59% and a net margin of 25.47%. As a group, equities research analysts expect that Bytes Technology Group plc will post 11.3463262 earnings per share for the current fiscal year.
Insider Transactions at Bytes Technology Group
In other Bytes Technology Group news, insider Sam Mudd sold 65,264 shares of Bytes Technology Group stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of GBX 500 ($6.83), for a total value of £326,320 ($445,609.72). Also, insider Andrew Holden sold 50,664 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of GBX 512 ($6.99), for a total value of £259,399.68 ($354,225.97). Over the last quarter, insiders have sold 136,476 shares of company stock valued at $68,845,968. Insiders own 9.51% of the company's stock.
Bytes Technology Group Company Profile
(
Get Free Report)
With a 40-year track record, Bytes Technology Group is one of the UK and Ireland's leading software, security, AI and cloud services specialists. We enable effective and cost-efficient technology sourcing, adoption and management across software, security, hardware, and AI 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.
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