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

Posted by John Perry on Feb 23rd, 2025

Bytes Technology Group plc (LON:BYIT – Get Free Report)’s stock price was down 0.1% during mid-day trading on Friday . The stock traded as low as GBX 442.40 ($5.59) and last traded at GBX 443.40 ($5.60). Approximately 237,674 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 944,840 shares. The stock had previously closed at GBX 444 ($5.61).

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on Bytes Technology Group

Bytes Technology Group Stock Down 0.1 %

The company has a market capitalization of £1.07 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average of GBX 437.25 and a two-hundred day moving average of GBX 460.81.

Insider Buying and Selling

In related news, insider Ross Paterson acquired 2,800 shares of the stock in a transaction that occurred on Monday, January 20th. The stock was purchased at an average price of GBX 427 ($5.39) per share, with a total value of £11,956 ($15,105.50). 9.51% of the stock is currently owned by corporate 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.