Bytes Technology Group plc (LON:BYIT) Insider Sells £326,320 in Stock

Bytes Technology Group plc (LON:BYIT - Get Free Report) insider Sam Mudd sold 65,264 shares of Bytes Technology Group stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of GBX 500 ($6.81), for a total transaction of £326,320 ($444,214.54).

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 ($6.81), for a total transaction of £102,740 ($139,858.43).

Bytes Technology Group Stock Performance

Shares of BYIT stock opened at GBX 506 ($6.89) on Wednesday. Bytes Technology Group plc has a 12-month low of GBX 400 ($5.45) and a 12-month high of GBX 575 ($7.83). The company has a debt-to-equity ratio of 0.67, a current ratio of 1.09 and a quick ratio of 0.98. The firm has a market capitalization of £1.22 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65. The business has a 50 day simple moving average of GBX 514.81 and a 200 day simple moving average of GBX 469.64.

Bytes Technology Group (LON:BYIT - Get Free Report) last issued its quarterly 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 anticipate that Bytes Technology Group plc will post 11.3463262 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Shore Capital reaffirmed a "buy" rating on shares of Bytes Technology Group in a report on Wednesday, May 7th. Berenberg Bank raised their target price on Bytes Technology Group from GBX 640 ($8.71) to GBX 660 ($8.98) and gave the company a "buy" rating in a research note 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.

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