Shares of Bytes Technology Group plc (LON:BYIT - Get Free Report) traded down 5.9% during mid-day trading on Friday . The company traded as low as GBX 334.60 ($4.55) and last traded at GBX 334.60 ($4.55). 1,985,199 shares changed hands during trading, an increase of 73% from the average session volume of 1,146,508 shares. The stock had previously closed at GBX 355.40 ($4.83).
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Shore Capital lowered shares of Bytes Technology Group to a "hold" rating in a research report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Bytes Technology Group from GBX 575 ($7.81) to GBX 470 ($6.39) and set a "hold" rating on the stock in a research report on Wednesday, July 2nd. Finally, Berenberg Bank lowered shares of Bytes Technology Group to a "hold" rating and dropped their target price for the stock from GBX 660 ($8.97) to GBX 390 ($5.30) in a research report on Wednesday, July 2nd.
View Our Latest Report on BYIT
Bytes Technology Group Price Performance
The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.98 and a current ratio of 1.09. The company's 50 day moving average price is GBX 495.21 and its 200 day moving average price is GBX 467.26. The company has a market cap of £801.67 million, a price-to-earnings ratio of 15.39, a P/E/G ratio of 2.27 and a beta of 0.65.
Bytes Technology Group (LON:BYIT - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported GBX 25.07 ($0.34) EPS for the quarter. Bytes Technology Group had a net margin of 25.47% and a return on equity of 66.59%. On average, equities research analysts predict that Bytes Technology Group plc will post 11.3463262 earnings per share for the current fiscal year.
Insider Buying and Selling at Bytes Technology Group
In other news, insider Sam Mudd sold 65,264 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of GBX 500 ($6.79), for a total value of £326,320 ($443,309.33). Also, insider Andrew Holden sold 50,664 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of GBX 512 ($6.96), for a total transaction of £259,399.68 ($352,397.34). Insiders sold a total of 136,476 shares of company stock worth $68,845,968 in the last 90 days. 9.51% of the stock is owned by corporate insiders.
About Bytes Technology Group
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Bytes Technology Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bytes Technology Group wasn't on the list.
While Bytes Technology Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.