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

Posted by John Perry on Mar 18th, 2025

Bytes Technology Group plc (LON:BYIT – Get Free Report)’s stock price traded up 17.9% on Tuesday . The stock traded as high as GBX 503 ($6.53) and last traded at GBX 488.40 ($6.34). 156,397,625 shares traded 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 ($5.38).

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on Bytes Technology Group

Bytes Technology Group Price Performance

The company has a 50-day moving average of GBX 435.31 and a 200-day moving average of GBX 454.59. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.98 and a current ratio of 1.09. The stock has a market cap of £1.18 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 2.27 and a beta of 0.65.

Insider Buying and Selling at Bytes Technology Group

In other news, insider Ross Paterson purchased 2,800 shares of the business’s stock in a transaction that occurred on Monday, January 20th. The stock was purchased at an average cost of GBX 427 ($5.55) per share, with a total value of £11,956 ($15,529.29). Company insiders own 9.51% of the company’s stock.

Bytes Technology Group Company Profile

(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.