Bytes Technology Group’s (BYIT) “Buy” Rating Reiterated at Shore Capital

Shore Capital reiterated their buy rating on shares of Bytes Technology Group (LON:BYIT) in a research note issued to investors on Tuesday,Digital Look reports.

Bytes Technology Group Trading Down 0.1 %

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

Insiders Place Their Bets

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