Bytes Technology Group (LON:BYIT) Hits New 1-Year Low at $440.80

Bytes Technology Group plc (LON:BYIT)’s stock price reached a new 52-week low on Tuesday . The company traded as low as GBX 440.80 ($5.63) and last traded at GBX 462.50 ($5.91), with a volume of 410771 shares changing hands. The stock had previously closed at GBX 459.80 ($5.88).

Bytes Technology Group Trading Up 3.7 %

The stock has a market cap of £1.15 billion, a P/E ratio of 2,489.47, a price-to-earnings-growth ratio of 2.27 and a beta of 0.67. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.98 and a current ratio of 1.08. The firm’s fifty day simple moving average is GBX 529.52 and its 200-day simple moving average is GBX 543.76.

Bytes Technology Group Increases Dividend

The company also recently announced a dividend, which was paid on Friday, August 2nd. Investors of record on Thursday, July 18th were paid a dividend of GBX 14.70 ($0.19) per share. This represents a yield of 2.58%. The ex-dividend date of this dividend was Thursday, July 18th. This is an increase from Bytes Technology Group’s previous dividend of $2.70. Bytes Technology Group’s dividend payout ratio (DPR) is currently 4,736.84%.

Insider Activity at Bytes Technology Group

In other Bytes Technology Group news, insider Ross Paterson purchased 6,429 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was purchased at an average cost of GBX 572 ($7.31) per share, for a total transaction of £36,773.88 ($46,995.37). In related news, insider Sam Mudd acquired 8,900 shares of Bytes Technology Group stock in a transaction dated Monday, June 3rd. The stock was bought at an average price of GBX 561 ($7.17) per share, with a total value of £49,929 ($63,807.03). Also, insider Ross Paterson bought 6,429 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was bought at an average price of GBX 572 ($7.31) per share, for a total transaction of £36,773.88 ($46,995.37). Insiders have bought a total of 21,438 shares of company stock worth $11,805,802 over the last quarter. Company insiders own 9.52% of the company’s stock.

About Bytes Technology Group

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.