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

Shore Capital reissued their buy rating on shares of Bytes Technology Group (LON:BYIT) in a research report sent to investors on Tuesday morning,Digital Look reports.

Bytes Technology Group Stock Down 0.1 %

Shares of LON BYIT opened at GBX 490 ($6.35) on Tuesday. The company’s 50-day simple moving average is GBX 439.24 and its 200-day simple moving average is GBX 454.88. Bytes Technology Group has a 52-week low of GBX 400 ($5.19) and a 52-week high of GBX 610 ($7.91). The firm has a market cap of £1.19 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 0.67.

Insider Transactions at Bytes Technology Group

In other news, insider Ross Paterson bought 2,800 shares of Bytes Technology Group stock in a transaction on Monday, January 20th. The shares were bought at an average cost of GBX 427 ($5.54) per share, with a total value of £11,956 ($15,503.11). 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.