Bytes Technology Group (LON:BYIT) Given “Buy” Rating at Shore Capital

Bytes Technology Group (LON:BYIT)‘s stock had its “buy” rating restated by equities research analysts at Shore Capital in a research note issued on Tuesday,Digital Look reports.

Bytes Technology Group Trading Up 17.9 %

BYIT traded up GBX 74 ($0.96) during trading on Tuesday, reaching GBX 488.40 ($6.35). 156,397,625 shares of the company’s stock were exchanged, compared to its average volume of 4,199,771. Bytes Technology Group has a one year low of GBX 400 ($5.20) and a one year high of GBX 610 ($7.93). 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 stock has a market capitalization of £1.18 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65. The firm has a fifty day moving average price of GBX 436.45 and a two-hundred day moving average price of GBX 454.69.

Insiders Place Their Bets

In other Bytes Technology Group 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 cost of GBX 427 ($5.55) per share, with a total value of £11,956 ($15,543.42). Insiders own 9.51% of the company’s stock.

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.