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

Bytes Technology Group (LON:BYIT)‘s stock had its “buy” rating reaffirmed by research analysts at Shore Capital in a research report issued to clients and investors on Tuesday,Digital Look reports.

Bytes Technology Group Trading Up 17.9 %

Shares of LON:BYIT traded up GBX 74 ($0.96) during trading on Tuesday, reaching GBX 488.40 ($6.35). The stock had a trading volume of 156,397,625 shares, compared to its average volume of 4,199,771. The firm’s fifty day moving average is GBX 436.45 and its 200 day moving average is GBX 454.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.98 and a current ratio of 1.09. Bytes Technology Group has a 52 week low of GBX 400 ($5.20) and a 52 week high of GBX 610 ($7.93). The stock has a market cap of £1.18 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 2.27 and a beta of 0.65.

Insider Activity at Bytes Technology Group

In related news, insider Ross Paterson bought 2,800 shares of the company’s stock in a transaction that occurred on Monday, January 20th. The shares were bought at an average price of GBX 427 ($5.55) per share, for a total transaction of £11,956 ($15,543.42). 9.51% of the stock is owned by corporate insiders.

About Bytes Technology Group

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.