Shares of Bytes Technology Group plc (LON:BYIT - Get Free Report) traded up 0.9% during trading on Tuesday . The stock traded as high as GBX 524.50 ($7.11) and last traded at GBX 521.20 ($7.06). Approximately 655,894 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 1,128,158 shares. The stock had previously closed at GBX 516.50 ($7.00).
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on BYIT. Shore Capital restated a "buy" rating on shares of Bytes Technology Group in a research report on Wednesday, May 7th. Berenberg Bank raised their price target on Bytes Technology Group from GBX 640 ($8.67) to GBX 660 ($8.94) and gave the company a "buy" rating in a report on Tuesday, March 18th.
Check Out Our Latest Report on BYIT
Bytes Technology Group Stock Up 0.8%
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 business's 50 day simple moving average is GBX 501.32 and its 200 day simple moving average is GBX 463.01. The firm has a market capitalization of £1.28 billion, a PE ratio of 24.58, a PEG ratio of 2.27 and a beta of 0.65.
Bytes Technology Group (LON:BYIT - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported GBX 25.07 ($0.34) EPS for the quarter. Bytes Technology Group had a return on equity of 66.59% and a net margin of 25.47%. On average, equities research analysts forecast that Bytes Technology Group plc will post 11.3463262 earnings per share for the current year.
About Bytes Technology Group
(
Get Free Report)
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.
See Also
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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
