Bytes Technology Group plc (LON:BYIT) Insider Ross Paterson Acquires 2,800 Shares

Bytes Technology Group plc (LON:BYIT) insider Ross Paterson acquired 2,800 shares of Bytes Technology Group stock in a transaction on Monday, January 20th. The shares were bought at an average price of GBX 427 ($5.26) per share, for a total transaction of £11,956 ($14,718.70).

Bytes Technology Group Trading Down 0.5 %

Bytes Technology Group stock opened at GBX 430.60 ($5.30) on Thursday. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.98 and a current ratio of 1.08. Bytes Technology Group plc has a 1 year low of GBX 405 ($4.99) and a 1 year high of GBX 665 ($8.19). The firm’s 50-day moving average is GBX 437.68 and its 200-day moving average is GBX 468.54. The company has a market cap of £1.04 billion, a P/E ratio of 2,266.32, a PEG ratio of 2.27 and a beta of 0.65.

Analysts Set New Price Targets

A number of research firms recently commented on BYIT. Berenberg Bank reiterated a “buy” rating and issued a GBX 640 ($7.88) price target on shares of Bytes Technology Group in a research note on Tuesday, October 15th. Shore Capital reiterated a “buy” rating on shares of Bytes Technology Group in a report on Tuesday, October 15th.

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.