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
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.
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