Bytes Technology Group (LON:BYIT) Given “Buy” Rating at Shore Capital

Bytes Technology Group (LON:BYIT)‘s stock had its “buy” rating reiterated by investment analysts at Shore Capital in a research report issued to clients and investors on Tuesday,Digital Look reports.

Bytes Technology Group Price Performance

Shares of LON:BYIT opened at GBX 489.40 ($6.37) on Tuesday. The company has a market cap of £1.18 billion, a P/E ratio of 22.74, a P/E/G ratio of 2.27 and a beta of 0.65. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 0.67. Bytes Technology Group has a 52 week low of GBX 400 ($5.20) and a 52 week high of GBX 610 ($7.94). The business has a fifty day simple moving average of GBX 437.91 and a 200-day simple moving average of GBX 454.81.

Insiders Place Their Bets

In other Bytes Technology Group news, insider Ross Paterson purchased 2,800 shares of the business’s stock in a transaction that occurred on Monday, January 20th. The shares were acquired at an average price of GBX 427 ($5.55) per share, for a total transaction of £11,956 ($15,553.53). 9.51% of the stock is currently owned by insiders.

About Bytes Technology Group

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.