Bytes Technology Group (LON:BYIT) Trading Up 17.9% – Should You Buy?

Posted by Tech Dows on Mar 18th, 2025

Shares of Bytes Technology Group plc (LON:BYIT – Get Free Report) rose 17.9% on Tuesday . The stock traded as high as GBX 503 ($6.53) and last traded at GBX 488.40 ($6.34). Approximately 156,397,625 shares traded hands during mid-day trading, an increase of 3,624% from the average daily volume of 4,199,771 shares. The stock had previously closed at GBX 414.40 ($5.38).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating on shares of Bytes Technology Group in a research report on Friday, January 31st.

View Our Latest Stock Report on Bytes Technology Group

Bytes Technology Group Trading Up 17.9 %

The stock has a market capitalization of £1.18 billion, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65. The business has a 50 day simple moving average of GBX 435.31 and a 200-day simple moving average of GBX 454.59. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.98 and a current ratio of 1.09.

Insider Activity at Bytes Technology Group

In related news, insider Ross Paterson purchased 2,800 shares of the company’s stock in a transaction on Monday, January 20th. The shares were bought at an average price of GBX 427 ($5.55) per share, with a total value of £11,956 ($15,529.29). Company insiders own 9.51% of the company’s stock.

About Bytes Technology Group

(Get Free Report)

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.