Bytes Technology Group (LON:BYIT) Sets New 1-Year Low – Here’s What Happened

Bytes Technology Group plc (LON:BYIT) hit a new 52-week low on Thursday . The stock traded as low as GBX 404 ($5.24) and last traded at GBX 407.80 ($5.29), with a volume of 340017 shares. The stock had previously closed at GBX 410 ($5.32).

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating on shares of Bytes Technology Group in a report on Friday, January 31st.

Bytes Technology Group Stock Down 0.5 %

The company has a market cap of £987.57 million, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.98 and a current ratio of 1.09. The business’s fifty day moving average is GBX 436.19 and its two-hundred day moving average is GBX 455.93.

Insider Buying and Selling

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 ($5.54) per share, with a total value of £11,956 ($15,505.12). 9.51% of the stock is owned by insiders.

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.