Bytes Technology Group (LON:BYIT) Trading Up 19.6% – Should You Buy?

Posted by Hanz Christensen on Mar 18th, 2025

Bytes Technology Group plc (LON:BYIT – Get Free Report)’s stock price was up 19.6% on Tuesday . The company traded as high as GBX 496.60 ($6.45) and last traded at GBX 495.60 ($6.44). Approximately 6,850,618 shares traded hands during trading, an increase of 379% from the average daily volume of 1,430,283 shares. The stock had previously closed at GBX 414.40 ($5.38).

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on BYIT

Bytes Technology Group Trading Up 19.6 %

The company has a debt-to-equity ratio of 0.67, a current ratio of 1.09 and a quick ratio of 0.98. The stock’s 50-day moving average is GBX 435.31 and its two-hundred day moving average is GBX 454.59. The stock has a market cap of £1.20 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65.

Insider Buying and Selling at Bytes Technology Group

In other Bytes Technology Group news, insider Ross Paterson acquired 2,800 shares of the stock in a transaction on Monday, January 20th. The stock was acquired at an average price of GBX 427 ($5.55) per share, for a total transaction of £11,956 ($15,529.29). 9.51% of the stock is owned by company insiders.

About Bytes Technology Group

(Get Free Report)

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.