Bytes Technology Group (LON:BYIT) Stock Rating Reaffirmed by Shore Capital

Bytes Technology Group (LON:BYIT)‘s stock had its “buy” rating restated by analysts at Shore Capital in a note issued to investors on Tuesday, Marketbeat reports.

Bytes Technology Group Price Performance

BYIT stock opened at GBX 490.80 ($6.41) on Tuesday. The business’s fifty day moving average price is GBX 484.05 and its 200 day moving average price is GBX 506.92. Bytes Technology Group has a 12-month low of GBX 433.80 ($5.66) and a 12-month high of GBX 665 ($8.68). The company has a market capitalization of £1.18 billion, a PE ratio of 2,583.16, a P/E/G ratio of 2.27 and a beta of 0.65. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 3.50.

Insider Activity

In other Bytes Technology Group news, insider Sam Mudd purchased 5,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were bought at an average cost of GBX 506 ($6.61) per share, for a total transaction of £25,300 ($33,037.35). Company insiders own 9.51% of the company’s stock.

Bytes Technology Group Company Profile

Bytes Technology Group plc offers software, IT security, hardware, and cloud services in the United Kingdom, rest of Europe, and internationally. The company sells servers, laptops, and other devices; various cloud-based and non-cloud-based licenses; and externally and internally provided training and consulting services.