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

Bytes Technology Group plc (LON:BYIT) insider Ross Paterson acquired 2,800 shares of the firm’s stock in a transaction dated Monday, January 20th. The shares were purchased at an average cost of GBX 427 ($5.26) per share, for a total transaction of £11,956 ($14,740.48).

Bytes Technology Group Stock Performance

Shares of Bytes Technology Group stock opened at GBX 432.80 ($5.34) on Wednesday. The company has a debt-to-equity ratio of 3.50, a current ratio of 1.08 and a quick ratio of 0.98. The firm has a 50 day simple moving average of GBX 438.29 and a 200 day simple moving average of GBX 469.37. Bytes Technology Group plc has a fifty-two week low of GBX 405 ($4.99) and a fifty-two week high of GBX 665 ($8.20). The firm has a market cap of £1.04 billion, a P/E ratio of 2,277.89, a P/E/G ratio of 2.27 and a beta of 0.65.

Analysts Set New Price Targets

BYIT has been the subject of a number of recent research reports. Shore Capital restated a “buy” rating on shares of Bytes Technology Group in a research note on Tuesday, October 15th. Berenberg Bank reissued a “buy” rating and issued a GBX 640 ($7.89) price target on shares of Bytes Technology Group in a research report on Tuesday, October 15th.

About Bytes Technology Group

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.