Bytes Technology Group (BYIT) Share Price, News & Analysis

Company Overview

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. It also offers IT consulting and support services, including IT deployment and training. The company sells its products and services under the Bytes Software Services and Phoenix brands. It serves small- and medium-sized businesses, enterprises, and public sector organizations. The company was founded in 1982 and is headquartered in Leatherhead, the United Kingdom.

Key Stats

• Today's Range: 434.60 to 457.80
• 50-Day Range: 429 to 506.50
• 52-Week Range: 428.80 to 665
• Volume: 243,965 shs
• Average Volume: 801,961 shs
• Market Capitalization: £1.05 billion
• P/E Ratio: 2,311.58
• Dividend Yield: 2.07%
• Price Target: GBX 645
• Consensus Rating: Moderate Buy

BYIT Stock Analysis - Frequently Asked Questions

How have BYIT shares performed this year?

Bytes Technology Group's stock was trading at GBX 612 at the beginning of the year. Since then, BYIT stock has decreased by 29.0% and is now trading at GBX 434.60.
View the best growth stocks for 2024 here.

How do I buy shares of Bytes Technology Group?

Shares of BYIT stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
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What other stocks do shareholders of Bytes Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Bytes Technology Group investors own include Prudential (PRU), ASOS (ASC), AstraZeneca (AZN), AutoZone (AZO), Babcock International Group (BAB), boohoo group (BOO) and Centamin (CEY).

Company Calendar

• Ex-Dividend for 11/22 Dividend: 11/07/2024
• Dividend Payable: 11/22/2024
• Today: 12/18/2024

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Computer and Technology
• Industry: Software - Infrastructure
• Sub-Industry: N/A
• Current Symbol: LON:BYIT
• CUSIP: N/A
• CIK: N/A
• Web: www.bytes.co.uk
• Phone: 44 1372 418 500
• Fax: N/A
• Employees: 930
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: GBX 645
• High Stock Price Target: GBX 650
• Low Stock Price Target: GBX 640
• Potential Upside/Downside: +48.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): GBX 0.19
• Trailing P/E Ratio: 2,311.58
• Forward P/E Ratio: 38.30
• P/E Growth: 2.27
• Net Income: £46.85 million
• Net Margins: 22.63%
• Pretax Margin: N/A
• Return on Equity: 67.01%
• Return on Assets: 10.12%

Debt

• Debt-to-Equity Ratio: 3.50
• Current Ratio: 1.08
• Quick Ratio: 0.98

Sales & Book Value

• Annual Sales: £207.02 million
• Price / Sales: 5.06
• Cash Flow: GBX 16.29 per share
• Price / Cash Flow: 26.67
• Book Value: GBX 15 per share
• Price / Book: 28.97

Miscellaneous

• Outstanding Shares: 240,890,000
• Free Float: N/A
• Market Cap: £1.05 billion
• Optionable: Not Optionable
• Beta: 0.65