Bytes Technology Group (LON:BYIT) Receives Buy Rating from Shore Capital

Shore Capital reiterated their buy rating on shares of Bytes Technology Group (LON:BYIT) in a report published on Thursday morning, MarketBeat reports.

Bytes Technology Group Stock Performance

LON:BYIT opened at GBX 520 ($6.87) on Thursday. The stock has a 50-day simple moving average of GBX 477.67 and a two-hundred day simple moving average of GBX 512.64. 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 has a 52-week low of GBX 433.80 ($5.73) and a 52-week high of GBX 665 ($8.78). The firm has a market capitalization of £1.25 billion, a PE ratio of 2,734.56, a P/E/G ratio of 2.27 and a beta of 0.65.

Insider Transactions at Bytes Technology Group

In related news, insider Sam Mudd bought 5,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were acquired at an average cost of GBX 506 ($6.68) per share, for a total transaction of £25,300 ($33,421.40). In other news, insider Sam Mudd acquired 5,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of GBX 506 ($6.68) per share, with a total value of £25,300 ($33,421.40). Also, insider Andrew Holden sold 5,169 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of GBX 496 ($6.55), for a total value of £25,638.24 ($33,868.22). Company insiders own 9.52% 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.