Insider Selling: Bytes Technology Group plc (LON:BYIT) Insider Sells 65,264 Shares of Stock

Bytes Technology Group plc (LON:BYIT - Get Free Report) insider Sam Mudd sold 65,264 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of GBX 500 ($6.86), for a total value of £326,320 ($447,811.17).

Sam Mudd also recently made the following trade(s):

• On Tuesday, June 24th, Sam Mudd sold 20,548 shares of Bytes Technology Group stock. The stock was sold at an average price of GBX 500 ($6.86), for a total value of £102,740 ($140,990.81).

Bytes Technology Group Trading Up 0.1%

Shares of BYIT traded up GBX 0.58 ($0.01) during midday trading on Friday, hitting GBX 507.08 ($6.96). 394,431 shares of the stock were exchanged, compared to its average volume of 1,038,703. The firm has a market cap of £1.23 billion, a P/E ratio of 23.57, a P/E/G ratio of 2.27 and a beta of 0.65. The stock has a fifty day simple moving average of GBX 515.38 and a 200 day simple moving average of GBX 470.47. Bytes Technology Group plc has a 52-week low of GBX 400 ($5.49) and a 52-week high of GBX 575 ($7.89). The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.98 and a current ratio of 1.09.

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

Wall Street Analyst Weigh In

BYIT has been the subject of several research analyst reports. 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 ($8.78) to GBX 660 ($9.06) and gave the stock a "buy" rating in a research report on Tuesday, March 18th.

About Bytes Technology Group

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.