Bytes Technology Group (LON:BYIT) Receives “Buy” Rating from Shore Capital

Shore Capital reissued their buy rating on shares of Bytes Technology Group (LON:BYIT) in a report released on Tuesday,Digital Look reports.

Bytes Technology Group Trading Up 17.9 %

Shares of LON:BYIT opened at GBX 488.40 ($6.35) on Tuesday. The business’s 50 day moving average price is GBX 436.45 and its 200-day moving average price is GBX 454.69. Bytes Technology Group has a 1 year low of GBX 400 ($5.20) and a 1 year high of GBX 610 ($7.93). The firm has a market capitalization of £1.18 billion, a price-to-earnings ratio of 22.70, 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 current ratio of 1.09 and a quick ratio of 0.98.

Insider Buying and Selling at Bytes Technology Group

In other news, insider Ross Paterson acquired 2,800 shares of the firm’s stock in a transaction on Monday, January 20th. The shares were bought at an average price of GBX 427 ($5.55) per share, for a total transaction of £11,956 ($15,543.42). Insiders own 9.51% of the company’s stock.

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.