Bytes Technology Group (LON:BYIT) Given “Buy” Rating at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Bytes Technology Group (LON:BYIT) in a research note published on Tuesday,Digital Look reports.

Bytes Technology Group Stock Performance

Shares of BYIT opened at GBX 488.40 ($6.35) on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 0.67. The firm has a market cap of £1.18 billion, a PE ratio of 22.70, a P/E/G ratio of 2.27 and a beta of 0.65. Bytes Technology Group has a 12 month low of GBX 400 ($5.20) and a 12 month high of GBX 610 ($7.93). The stock has a fifty day moving average price of GBX 436.45 and a 200-day moving average price of GBX 454.69.

Insiders Place Their Bets

In other Bytes Technology Group news, insider Ross Paterson acquired 2,800 shares of the company’s stock in a transaction dated Monday, January 20th. The shares were acquired at an average cost of GBX 427 ($5.55) per share, with a total value of £11,956 ($15,543.42). 9.51% of the stock is currently owned by insiders.

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.