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 stock in a transaction on Friday, June 20th. The stock was sold at an average price of GBX 512 ($6.97), for a total value of £259,399.68 ($353,116.91).

Bytes Technology Group Price Performance

LON:BYIT traded down GBX 5 ($0.07) during trading hours on Tuesday, hitting GBX 500.50 ($6.81). The company's stock had a trading volume of 701,899 shares, compared to its average volume of 1,056,972. The stock has a fifty day simple moving average of GBX 514.72 and a 200-day simple moving average of GBX 469.37. The company has a market capitalization of £1.21 billion, a P/E ratio of 23.26, a PEG ratio of 2.27 and a beta of 0.65. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.09 and a quick ratio of 0.98. Bytes Technology Group plc has a twelve month low of GBX 400 ($5.45) and a twelve month high of GBX 575 ($7.83).

Bytes Technology Group (LON:BYIT - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported GBX 25.07 ($0.34) earnings per share for the quarter. Bytes Technology Group had a return on equity of 66.59% and a net margin of 25.47%. On average, analysts anticipate that Bytes Technology Group plc will post 11.3463262 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on BYIT shares. Shore Capital reissued a "buy" rating on shares of Bytes Technology Group in a report on Wednesday, May 7th. Berenberg Bank increased their target price on Bytes Technology Group from GBX 640 ($8.71) to GBX 660 ($8.98) and gave the stock a "buy" rating in a report on Tuesday, March 18th.

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.