Shares of Bytes Technology Group plc (LON:BYIT - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 409.80 ($5.04) and last traded at GBX 414.60 ($5.10), with a volume of 103527 shares traded. The stock had previously closed at GBX 416.20 ($5.12).
Analyst Upgrades and Downgrades
A number of analysts recently commented on BYIT shares. Shore Capital reaffirmed a "buy" rating on shares of Bytes Technology Group in a research report on Tuesday, October 15th. Berenberg Bank restated a "buy" rating and set a GBX 640 ($7.87) price objective on shares of Bytes Technology Group in a report on Tuesday, October 15th.
Get Our Latest Stock Analysis on BYIT
Bytes Technology Group Price Performance
The company has a debt-to-equity ratio of 3.50, a current ratio of 1.08 and a quick ratio of 0.98. The business's fifty day moving average price is GBX 443.20 and its 200-day moving average price is GBX 476.60. The stock has a market capitalization of £1.02 billion, a price-to-earnings ratio of 2,229.47, a PEG ratio of 2.27 and a beta of 0.65.
Bytes Technology Group Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were paid a dividend of GBX 3.10 ($0.04) per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a yield of 0.65%. Bytes Technology Group's dividend payout ratio (DPR) is currently 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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