Bytes Technology Group plc (LON:BYIT - Get Free Report)'s share price was down 4.1% during trading on Wednesday . The stock traded as low as GBX 440 ($5.80) and last traded at GBX 444.95 ($5.87). Approximately 422,010 shares changed hands during trading, a decline of 70% from the average daily volume of 1,395,798 shares. The stock had previously closed at GBX 464 ($6.12).
Analyst Ratings Changes
A number of brokerages recently weighed in on BYIT. Berenberg Bank raised their price objective on Bytes Technology Group from GBX 640 ($8.44) to GBX 660 ($8.70) and gave the company a "buy" rating in a research report on Tuesday, March 18th. Shore Capital reaffirmed a "buy" rating on shares of Bytes Technology Group in a research note on Tuesday, March 18th.
Get Our Latest Stock Analysis on Bytes Technology Group
Bytes Technology Group Stock Up 1.2 %
The company has a market capitalization of £1.20 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65. The firm has a 50-day moving average of GBX 453.80 and a two-hundred day moving average of GBX 455.48. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 0.67.
Insider Transactions at Bytes Technology Group
In related news, insider Ross Paterson acquired 2,800 shares of Bytes Technology Group stock in a transaction that occurred on Monday, January 20th. The stock was purchased at an average price of GBX 427 ($5.63) per share, for a total transaction of £11,956 ($15,764.77). Insiders own 9.51% of the company's stock.
About Bytes Technology Group
(
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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.
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