Shore Capital Reiterates “Buy” Rating for Bytes Technology Group (LON:BYIT)

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

Bytes Technology Group Stock Up 0.2 %

BYIT opened at GBX 489.40 ($6.37) on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.09 and a quick ratio of 0.98. The business has a 50 day simple moving average of GBX 437.91 and a 200-day simple moving average of GBX 454.81. The stock has a market capitalization of £1.18 billion, a P/E ratio of 22.74, a P/E/G ratio of 2.27 and a beta of 0.65. Bytes Technology Group has a 12 month low of GBX 400 ($5.20) and a 12 month high of GBX 610 ($7.94).

Insider Buying and Selling

In related news, insider Ross Paterson purchased 2,800 shares of the company’s stock in a transaction on Monday, January 20th. The stock was bought at an average price of GBX 427 ($5.55) per share, with a total value of £11,956 ($15,553.53). 9.51% of the stock is currently owned by insiders.

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.