Bytes Technology Group (LON:BYIT) Receives Buy Rating from Shore Capital

Bytes Technology Group (LON:BYIT)‘s stock had its “buy” rating restated by investment analysts at Shore Capital in a research report issued on Thursday, Marketbeat Ratings reports.

Bytes Technology Group Stock Up 0.3 %

Shares of LON BYIT opened at GBX 513 ($6.78) on Thursday. The business has a 50-day moving average of GBX 478.03 and a 200-day moving average of GBX 512.62. The firm has a market capitalization of £1.24 billion, a price-to-earnings ratio of 2,700.00, a PEG ratio of 2.27 and a beta of 0.65. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 3.50. Bytes Technology Group has a 12 month low of GBX 433.80 ($5.73) and a 12 month high of GBX 665 ($8.78).

Insider Buying and Selling

In other Bytes Technology Group news, insider Andrew Holden sold 5,169 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of GBX 496 ($6.55), for a total transaction of £25,638.24 ($33,868.22). In other Bytes Technology Group news, insider Anna Vikstrom Persson bought 1,109 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were bought at an average price of GBX 546 ($7.21) per share, for a total transaction of £6,055.14 ($7,998.86). Also, insider Andrew Holden sold 5,169 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of GBX 496 ($6.55), for a total transaction of £25,638.24 ($33,868.22). 9.52% of the stock is owned by company insiders.

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.