Bytes Technology Group plc (LON:BYIT - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 415.60 ($5.21) and last traded at GBX 418.81 ($5.25), with a volume of 69413 shares. The stock had previously closed at GBX 423 ($5.31).
Analysts Set New Price Targets
A number of research firms have weighed in on BYIT. Berenberg Bank reaffirmed a "buy" rating and set a GBX 640 ($8.03) price target on shares of Bytes Technology Group in a research note on Tuesday, October 15th. Shore Capital reaffirmed a "buy" rating on shares of Bytes Technology Group in a research report on Tuesday, October 15th.
View Our Latest Research Report on Bytes Technology Group
Bytes Technology Group Stock Down 1.7 %
The firm has a fifty day simple moving average of GBX 453.23 and a 200-day simple moving average of GBX 484.24. The company has a market capitalization of £1.00 billion, a PE ratio of 2,189.47, a P/E/G ratio of 2.27 and a beta of 0.65. 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 Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were paid a GBX 3.10 ($0.04) dividend. The ex-dividend date was Thursday, November 7th. This represents a dividend yield of 0.65%. Bytes Technology Group's dividend payout ratio (DPR) is presently 4,736.84%.
About Bytes Technology Group
(
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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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