Bytes Technology Group (LON:BYIT) Sets New 12-Month Low at $80.40

Bytes Technology Group plc (LON:BYIT)’s share price reached a new 52-week low on Wednesday . The company traded as low as GBX 80.40 ($1.04) and last traded at GBX 483.57 ($6.28), with a volume of 929270 shares trading hands. The stock had previously closed at GBX 483.20 ($6.28).

Bytes Technology Group Stock Performance

The company’s 50-day moving average price is GBX 511.68 and its two-hundred day moving average price is GBX 531.23. 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 stock has a market cap of £1.16 billion, a PE ratio of 2,543.16, a PEG ratio of 2.27 and a beta of 0.68.

Bytes Technology Group Increases Dividend

The business also recently announced a dividend, which was paid on Friday, August 2nd. Stockholders of record on Thursday, July 18th were paid a dividend of GBX 14.70 ($0.19) per share. This is a positive change from Bytes Technology Group’s previous dividend of $2.70. The ex-dividend date was Thursday, July 18th. This represents a dividend yield of 2.58%. Bytes Technology Group’s payout ratio is presently 4,736.84%.

Insider Activity at Bytes Technology Group

In related news, insider Sam Mudd purchased 8,900 shares of Bytes Technology Group stock in a transaction dated Monday, June 3rd. The stock was purchased at an average cost of GBX 561 ($7.29) per share, for a total transaction of £49,929 ($64,876.56). In other news, insider Sam Mudd acquired 8,900 shares of Bytes Technology Group stock in a transaction dated Monday, June 3rd. The stock was purchased at an average cost of GBX 561 ($7.29) per share, with a total value of £49,929 ($64,876.56). Also, insider Andrew Holden sold 5,169 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of GBX 496 ($6.44), for a total transaction of £25,638.24 ($33,313.72). Insiders acquired a total of 21,438 shares of company stock valued at $11,805,802 in the last three months. Company insiders own 9.52% of the company’s stock.

Bytes Technology Group Company Profile

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.