Bytes Technology Group (LON:BYIT) Trading 14.4% Higher – Here’s What Happened

Posted by Trent Williams on Mar 18th, 2025

Bytes Technology Group plc (LON:BYIT – Get Free Report) rose 14.4% on Tuesday . The company traded as high as GBX 487.60 ($6.33) and last traded at GBX 474 ($6.16). Approximately 6,013,226 shares changed hands 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 reaffirmed a “buy” rating on shares of Bytes Technology Group in a research note on Friday, January 31st.

Check Out Our Latest Stock Report on Bytes Technology Group

Bytes Technology Group Stock Up 14.6 %

The stock has a market capitalization of £1.15 billion, a P/E ratio of 22.07, a P/E/G ratio of 2.27 and a beta of 0.65. 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 firm’s fifty day moving average is GBX 435.31 and its 200-day moving average is GBX 454.59.

Insider Buying and Selling

In related news, insider Ross Paterson purchased 2,800 shares of Bytes Technology Group stock in a transaction that occurred on Monday, January 20th. The shares were acquired at an average price of GBX 427 ($5.55) per share, for a total transaction of £11,956 ($15,529.29). 9.51% of the stock is owned by corporate insiders.

About Bytes Technology Group

(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.