Bytes Technology Group (LON:BYIT) Stock Price Down 4.1% – What’s Next?

Posted by ABMN Staff on Apr 10th, 2025

Bytes Technology Group plc (LON:BYIT – Get Free Report)’s share price was down 4.1% during mid-day trading on Wednesday . The company traded as low as GBX 440 ($5.62) and last traded at GBX 444.95 ($5.69). Approximately 422,010 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 1,395,798 shares. The stock had previously closed at GBX 464 ($5.93).

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Shore Capital reissued a “buy” rating on shares of Bytes Technology Group in a report on Tuesday, March 18th. Berenberg Bank increased their price target on shares of Bytes Technology Group from GBX 640 ($8.18) to GBX 660 ($8.43) and gave the company a “buy” rating in a research note on Tuesday, March 18th.

View Our Latest Report on BYIT

Bytes Technology Group Trading Down 4.1 %

The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 0.67. The company has a market cap of £1.08 billion, a P/E ratio of 20.68, 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 452.93 and a two-hundred day moving average price of GBX 455.85.

Insider Buying and Selling

In other news, insider Ross Paterson acquired 2,800 shares of Bytes Technology Group stock in a transaction that occurred on Monday, January 20th. The shares were acquired at an average price of GBX 427 ($5.46) per share, with a total value of £11,956 ($15,277.28). Corporate insiders own 9.51% of the company’s stock.

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.