Bytes Technology Group (LON:BYIT) Stock Price Down 0.8%

Bytes Technology Group plc (LON:BYIT – Get Rating) traded down 0.8% during trading on Friday . The company traded as low as GBX 365.40 ($4.45) and last traded at GBX 369 ($4.50). 1,032,880 shares traded hands during trading, an increase of 86% from the average session volume of 553,897 shares. The stock had previously closed at GBX 371.80 ($4.53).

Bytes Technology Group Price Performance

The stock has a market capitalization of £883.68 million, a price-to-earnings ratio of 2,460.00, a PEG ratio of 2.27 and a beta of 0.86. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 2.36. The stock has a fifty day moving average of GBX 399.02 and a two-hundred day moving average of GBX 404.51.

Insiders Place Their Bets

In other Bytes Technology Group news, insider Neil Murphy bought 6,531 shares of Bytes Technology Group stock in a transaction on Friday, January 6th. The shares were purchased at an average cost of GBX 381 ($4.64) per share, for a total transaction of £24,883.11 ($30,326.76). Insiders own 11.09% of the company’s stock.

About Bytes Technology Group

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Bytes Technology Group plc offers software, IT security, hardware, and cloud services in the United Kingdom, rest of Europe, and internationally. The company sells servers, laptops, and other devices; various cloud-based and non-cloud-based licenses; and externally and internally provided training and consulting services.