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

Bytes Technology Group plc (LON:BYIT) insider Ross Paterson purchased 2,800 shares of the business’s stock in a transaction on Monday, January 20th. The shares were purchased at an average cost of GBX 427 ($5.27) per share, for a total transaction of £11,956 ($14,742.29).

Bytes Technology Group Stock Up 0.7 %

Shares of LON BYIT traded up GBX 2.80 ($0.03) during midday trading on Tuesday, reaching GBX 432.80 ($5.34). 935,397 shares of the company’s stock were exchanged, compared to its average volume of 1,533,501. 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 plc has a 52-week low of GBX 405 ($4.99) and a 52-week high of GBX 665 ($8.20). The business’s fifty day moving average price is GBX 438.79 and its two-hundred day moving average price is GBX 470.14. The stock has a market capitalization of £1.04 billion, a PE ratio of 2,277.89, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BYIT shares. Berenberg Bank restated a “buy” rating and set a GBX 640 ($7.89) price objective on shares of Bytes Technology Group in a research report on Tuesday, October 15th. Shore Capital reiterated a “buy” rating on shares of Bytes Technology Group in a research report on Tuesday, October 15th.

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.