Insider Buying: Bytes Technology Group plc (LON:BYIT) Insider Buys 6,429 Shares of Stock

Bytes Technology Group plc (LON:BYIT) insider Ross Paterson purchased 6,429 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were bought at an average price of GBX 572 ($7.27) per share, for a total transaction of £36,773.88 ($46,726.66).

Bytes Technology Group Trading Up 1.2 %

Shares of LON:BYIT opened at GBX 570 ($7.24) on Friday. Bytes Technology Group plc has a fifty-two week low of GBX 452.60 ($5.75) and a fifty-two week high of GBX 665 ($8.45). The company has a market cap of £1.37 billion, a PE ratio of 2,989.47, a P/E/G ratio of 2.27 and a beta of 0.67. The company’s 50-day moving average price is GBX 526.54 and its 200 day moving average price is GBX 560.31. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 3.50.

Bytes Technology Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, July 18th will be 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. This represents a yield of 2.58%. The ex-dividend date is Thursday, July 18th. Bytes Technology Group’s dividend payout ratio (DPR) is presently 4,736.84%.

About Bytes Technology Group

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.