Bytes Technology Group plc (LON:BYIT - Get Free Report) fell 1.2% on Tuesday . The company traded as low as GBX 454.60 ($5.80) and last traded at GBX 454.60 ($5.80). 217,735 shares were traded during trading, a decline of 73% from the average session volume of 816,233 shares. The stock had previously closed at GBX 460.20 ($5.87).
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on BYIT. Berenberg Bank reiterated a "buy" rating and set a GBX 640 ($8.16) target price on shares of Bytes Technology Group in a research note on Tuesday, October 15th. Shore Capital reissued a "buy" rating on shares of Bytes Technology Group in a research report on Tuesday, October 15th.
View Our Latest Analysis on BYIT
Bytes Technology Group Stock Performance
The stock has a fifty day simple moving average of GBX 469.05 and a two-hundred day simple moving average of GBX 495.91. The stock has a market cap of £1.10 billion, a price-to-earnings ratio of 2,392.63, 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 firm also recently announced a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were issued a GBX 3.10 ($0.04) dividend. This represents a dividend yield of 0.65%. The ex-dividend date of this dividend was Thursday, November 7th. Bytes Technology Group's dividend payout ratio is presently 4,736.84%.
Bytes Technology Group Company Profile
(
Get Free Report)
Bytes Technology Group plc offers software, IT security, hardware, and cloud services in the United Kingdom, rest of Europe, and internationally. The company sells servers, laptops, and other devices; various cloud-based and non-cloud-based licenses; and externally and internally provided training and consulting services.
Further Reading
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