Bytes Technology Group plc (LON:BYIT) Insider Andrew Holden Sells 50,664 Shares

Bytes Technology Group plc (LON:BYIT - Get Free Report) insider Andrew Holden sold 50,664 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of GBX 512 ($7.03), for a total transaction of £259,399.68 ($355,975.96).

Bytes Technology Group Trading Up 0.4%

BYIT traded up GBX 2 ($0.03) on Thursday, reaching GBX 506.50 ($6.95). 223,561 shares of the company traded hands, compared to its average volume of 1,043,984. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 0.67. The company has a market cap of £1.23 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65. The firm has a fifty day simple moving average of GBX 515.22 and a two-hundred day simple moving average of GBX 470.14. Bytes Technology Group plc has a one year low of GBX 400 ($5.49) and a one year high of GBX 575 ($7.89).

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) EPS for the quarter. Bytes Technology Group had a net margin of 25.47% and a return on equity of 66.59%. As a group, equities research analysts expect that Bytes Technology Group plc will post 11.3463262 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Berenberg Bank lifted their price objective on shares of Bytes Technology Group from GBX 640 ($8.78) to GBX 660 ($9.06) and gave the company a "buy" rating in a report on Tuesday, March 18th. Shore Capital reiterated a "buy" rating on shares of Bytes Technology Group in a report on Wednesday, May 7th.

Bytes Technology Group Company Profile

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.