Bytes Technology Group (LON:BYIT) Trading 14.4% Higher – Should You Buy?

Posted by Dante Gardener on Mar 18th, 2025

Bytes Technology Group plc (LON:BYIT – Get Free Report) was up 14.4% during trading on Tuesday . The stock traded as high as GBX 487.60 ($6.33) and last traded at GBX 474 ($6.16). Approximately 6,013,226 shares were traded during mid-day trading, an increase of 325% from the average daily volume of 1,414,875 shares. The stock had previously closed at GBX 414.40 ($5.38).

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating on shares of Bytes Technology Group in a research report on Friday, January 31st.

Get Our Latest Stock Analysis on BYIT

Bytes Technology Group Stock Up 14.6 %

The firm’s 50 day moving average price is GBX 435.31 and its 200-day moving average price is GBX 454.59. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 0.67. The company has a market cap of £1.15 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65.

Insider Buying and Selling at Bytes Technology Group

In related news, insider Ross Paterson bought 2,800 shares of Bytes Technology Group stock in a transaction on Monday, January 20th. The shares were purchased at an average price of GBX 427 ($5.55) per share, for a total transaction of £11,956 ($15,529.29). Insiders own 9.51% of the company’s stock.

Bytes Technology Group Company Profile

(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.