Bytes Technology Group (LON:BYIT) Shares Up 17.9% – Here’s Why

Posted by John. R. Edwardson on Mar 19th, 2025

Bytes Technology Group plc (LON:BYIT – Get Free Report)’s stock price shot up 17.9% on Tuesday . The company traded as high as GBX 503 ($6.54) and last traded at GBX 488.40 ($6.35). 156,397,625 shares changed hands during mid-day trading, an increase of 3,624% from the average session volume of 4,199,771 shares. The stock had previously closed at GBX 414.40 ($5.39).

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on Bytes Technology Group

Bytes Technology Group Price Performance

The stock’s fifty day moving average is GBX 436.45 and its 200-day moving average is GBX 454.69. The stock has a market capitalization of £1.18 billion, a PE ratio of 22.70, a P/E/G ratio of 2.27 and a beta of 0.65. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.09 and a quick ratio of 0.98.

Insider Buying and Selling

In other news, insider Ross Paterson purchased 2,800 shares of the stock in a transaction that occurred on Monday, January 20th. The shares were purchased at an average cost of GBX 427 ($5.55) per share, with a total value of £11,956 ($15,543.42). 9.51% of the stock is currently owned by insiders.

About Bytes Technology Group

(Get Free Report)

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.