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

Bytes Technology Group (LON:BYIT - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Shore Capital in a report issued on Tuesday,Digital Look reports.

Bytes Technology Group Trading Down 0.2 %

LON BYIT traded down GBX 1 ($0.01) on Tuesday, hitting GBX 489 ($6.31). 972,124 shares of the stock were exchanged, compared to its average volume of 1,334,995. Bytes Technology Group has a 52-week low of GBX 400 ($5.16) and a 52-week high of GBX 610 ($7.88). The company has a debt-to-equity ratio of 0.67, a current ratio of 1.09 and a quick ratio of 0.98. The company has a market capitalization of £1.18 billion, a price-to-earnings ratio of 22.73, a P/E/G ratio of 2.27 and a beta of 0.65. The company's 50-day moving average price is GBX 440.68 and its two-hundred day moving average price is GBX 454.97.

Insiders Place Their Bets

In related news, insider Ross Paterson purchased 2,800 shares of the stock in a transaction dated Monday, January 20th. The shares were acquired at an average cost of GBX 427 ($5.51) per share, for a total transaction of £11,956 ($15,437.06). Corporate insiders own 9.51% of the company's stock.

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.