Bytes Technology Group (LON:BYIT) Trading Down 0.1% – Here’s What Happened

Bytes Technology Group plc (LON:BYIT) shares fell 0.1% on Friday . The company traded as low as GBX 442.40 ($5.59) and last traded at GBX 443.40 ($5.60). 237,674 shares were traded during mid-day trading, a decline of 75% from the average session volume of 944,840 shares. The stock had previously closed at GBX 444 ($5.61).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Bytes Technology Group in a report on Friday, January 31st.

Bytes Technology Group Stock Down 0.1 %

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’s fifty day simple moving average is GBX 437.25 and its two-hundred day simple moving average is GBX 460.81. The company has a market cap of £1.07 billion, a PE ratio of 20.61, a PEG ratio of 2.27 and a beta of 0.65.

Insider Transactions at Bytes Technology Group

In other Bytes Technology Group news, insider Ross Paterson bought 2,800 shares of the company’s stock in a transaction dated Monday, January 20th. The stock was acquired at an average price of GBX 427 ($5.39) per share, with a total value of £11,956 ($15,105.50). 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.