Ross Paterson Buys 2,800 Shares of Bytes Technology Group plc (LON:BYIT) Stock

Bytes Technology Group plc (LON:BYIT) insider Ross Paterson purchased 2,800 shares of the stock in a transaction on Monday, January 20th. The shares were purchased at an average cost of GBX 427 ($5.26) per share, with a total value of £11,956 ($14,718.70).

Bytes Technology Group Stock Down 0.5 %

LON BYIT opened at GBX 430.60 ($5.30) on Thursday. The stock has a market cap of £1.04 billion, a PE ratio of 2,266.32, a P/E/G ratio of 2.27 and a beta of 0.65. The business has a 50 day moving average price of GBX 437.68 and a two-hundred day moving average price of GBX 468.54. Bytes Technology Group plc has a fifty-two week low of GBX 405 ($4.99) and a fifty-two week high of GBX 665 ($8.19). The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 3.50.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BYIT shares. Shore Capital reissued a “buy” rating on shares of Bytes Technology Group in a research report on Tuesday, October 15th. Berenberg Bank restated a “buy” rating and set a GBX 640 ($7.88) target price on shares of Bytes Technology Group in a report on Tuesday, October 15th.

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.