Bytes Technology Group plc (LON:BYIT - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 405 ($4.96) and last traded at GBX 405 ($4.96), with a volume of 327618 shares changing hands. The stock had previously closed at GBX 414.80 ($5.08).
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. Berenberg Bank reissued a "buy" rating and issued a GBX 640 ($7.83) 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 note on Tuesday, October 15th.
Read Our Latest Stock Report on BYIT
Bytes Technology Group Trading Up 4.1 %
The stock has a market capitalization of £1.02 billion, a P/E ratio of 2,220.00, a P/E/G ratio of 2.27 and a beta of 0.65. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 3.50. The business has a 50-day moving average price of GBX 440.51 and a two-hundred day moving average price of GBX 473.50.
Bytes Technology Group Company Profile
(
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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.
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