Shore Capital Reaffirms "Buy" Rating for Bytes Technology Group (LON:BYIT)

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

Separately, Berenberg Bank restated a "buy" rating and set a GBX 640 ($7.96) price target on shares of Bytes Technology Group in a research note on Tuesday, October 15th.

Bytes Technology Group Stock Up 1.1 %

Shares of LON BYIT traded up GBX 5.20 ($0.06) during trading on Friday, reaching GBX 462.80 ($5.76). The company had a trading volume of 500,564 shares, compared to its average volume of 1,084,676. The business's 50-day moving average is GBX 437.47 and its 200 day moving average is GBX 464.43. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 3.50. Bytes Technology Group has a 12-month low of GBX 405 ($5.04) and a 12-month high of GBX 659 ($8.20). The stock has a market cap of £1.11 billion, a PE ratio of 2,435.79, a P/E/G ratio of 2.27 and a beta of 0.65.

Insider Transactions at Bytes Technology Group

In other Bytes Technology Group news, insider Ross Paterson acquired 2,800 shares of the business's stock in a transaction that occurred on Monday, January 20th. The shares were bought at an average cost of GBX 427 ($5.31) per share, with a total value of £11,956 ($14,874.35). Company 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.