Insider Buying: Bytes Technology Group plc (LON:BYIT) Insider Purchases 2,800 Shares of Stock

Bytes Technology Group plc (LON:BYIT) insider Ross Paterson bought 2,800 shares of the stock in a transaction on Monday, January 20th. The shares were bought at an average price of GBX 427 ($5.27) per share, for a total transaction of £11,956 ($14,767.79).

Bytes Technology Group Price Performance

Shares of LON:BYIT opened at GBX 430.40 ($5.32) on Friday. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 3.50. The stock has a market capitalization of £1.04 billion, a PE ratio of 2,265.26, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65. The firm’s 50 day moving average price is GBX 437.09 and its 200-day moving average price is GBX 467.70. Bytes Technology Group plc has a twelve month low of GBX 405 ($5.00) and a twelve month high of GBX 665 ($8.21).

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Shore Capital restated a “buy” rating on shares of Bytes Technology Group in a research report on Tuesday, October 15th. Berenberg Bank reiterated a “buy” rating and set a GBX 640 ($7.91) target price on shares of Bytes Technology Group in a research note 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.