Bytes Technology Group plc (LON:BYIT) to Issue Dividend of GBX 3.10

Bytes Technology Group plc (LON:BYIT) announced a dividend on Tuesday, October 15th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 7th will be paid a dividend of GBX 3.10 ($0.04) per share on Friday, November 22nd. This represents a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, November 7th. The official announcement can be accessed at this link.

Bytes Technology Group Stock Performance

LON:BYIT traded down GBX 19.40 ($0.25) during mid-day trading on Tuesday, reaching GBX 473.80 ($6.19). 2,921,545 shares of the company’s stock were exchanged, compared to its average volume of 864,952. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.98 and a current ratio of 1.08. The firm has a market capitalization of £1.14 billion, a PE ratio of 2,490.53, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65. Bytes Technology Group has a one year low of GBX 433.80 ($5.66) and a one year high of GBX 665 ($8.68). The business’s fifty day simple moving average is GBX 484.02 and its two-hundred day simple moving average is GBX 507.29.

Insider Transactions at Bytes Technology Group

In other Bytes Technology Group news, insider Andrew Holden sold 5,169 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of GBX 496 ($6.48), for a total transaction of £25,638.24 ($33,479.03). In other Bytes Technology Group news, insider Andrew Holden sold 5,169 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of GBX 496 ($6.48), for a total transaction of £25,638.24 ($33,479.03). Also, insider Sam Mudd acquired 5,000 shares of Bytes Technology Group stock in a transaction dated Thursday, August 1st. The shares were bought at an average cost of GBX 506 ($6.61) per share, with a total value of £25,300 ($33,037.35). 9.51% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “buy” rating on shares of Bytes Technology Group in a research note on Tuesday.

About Bytes Technology Group

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.