Bytes Technology Group (LON:BYIT) Trading 17.9% Higher – Should You Buy?

Posted by Stuart Ham on Mar 18th, 2025

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

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on BYIT

Bytes Technology Group Stock Up 17.9 %

The business has a fifty day moving average price of GBX 435.31 and a two-hundred day moving average price of GBX 454.59. 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 firm has a market capitalization of £1.18 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65.

Insider Activity

In related news, insider Ross Paterson bought 2,800 shares of the company’s 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). Corporate insiders own 9.51% of the company’s stock.

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.