Bytes Technology Group (LON:BYIT) Rating Reiterated by Shore Capital

Bytes Technology Group (LON:BYIT)‘s stock had its “buy” rating reissued by investment analysts at Shore Capital in a report released on Thursday, MarketBeat reports.

Bytes Technology Group Stock Up 0.3 %

Bytes Technology Group stock opened at GBX 513 ($6.78) on Thursday. The firm has a 50 day moving average price of GBX 478.03 and a 200-day moving average price of GBX 512.62. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 3.50. Bytes Technology Group has a twelve month low of GBX 433.80 ($5.73) and a twelve month high of GBX 665 ($8.78). The company has a market capitalization of £1.24 billion, a P/E ratio of 2,700.00, a P/E/G 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 Anna Vikstrom Persson acquired 1,109 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were acquired at an average cost of GBX 546 ($7.21) per share, with a total value of £6,055.14 ($7,998.86). In other news, insider Andrew Holden sold 5,169 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of GBX 496 ($6.55), for a total value of £25,638.24 ($33,868.22). Also, insider Anna Vikstrom Persson purchased 1,109 shares of Bytes Technology Group stock in a transaction dated Tuesday, June 25th. The stock was bought at an average price of GBX 546 ($7.21) per share, with a total value of £6,055.14 ($7,998.86). Corporate insiders own 9.52% of the company’s stock.

Bytes Technology Group Company Profile

Bytes Technology Group plc offers software, IT security, hardware, and cloud services in the United Kingdom, rest of Europe, and internationally. The company sells servers, laptops, and other devices; various cloud-based and non-cloud-based licenses; and externally and internally provided training and consulting services.