Andrew Holden Sells 50,664 Shares of Bytes Technology Group plc (LON:BYIT) Stock

Bytes Technology Group plc (LON:BYIT) insider Andrew Holden sold 50,664 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of GBX 512 ($6.87), for a total value of £259,399.68 ($348,234.23).

Bytes Technology Group Price Performance

LON:BYIT traded down GBX 9.50 ($0.13) during trading hours on Monday, hitting GBX 505.50 ($6.79). 879,561 shares of the stock were exchanged, compared to its average volume of 1,060,105. Bytes Technology Group plc has a 52-week low of GBX 400 ($5.37) and a 52-week high of GBX 583 ($7.83). The firm’s fifty day moving average price is GBX 514.30 and its 200 day moving average price is GBX 469.07. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 0.67. The company has a market cap of £1.22 billion, a P/E ratio of 23.49, a P/E/G ratio of 2.27 and a beta of 0.65.

Bytes Technology Group (LON:BYIT) last issued its earnings results on Tuesday, May 13th. The company reported GBX 25.07 ($0.34) earnings per share for the quarter. Bytes Technology Group had a return on equity of 66.59% and a net margin of 25.47%. As a group, equities research analysts anticipate that Bytes Technology Group plc will post 11.3463262 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BYIT. Shore Capital reissued a “buy” rating on shares of Bytes Technology Group in a report on Wednesday, May 7th. Berenberg Bank lifted their price target on Bytes Technology Group from GBX 640 ($8.59) to GBX 660 ($8.86) and gave the company a “buy” rating in a research note on Tuesday, March 18th.

About Bytes Technology Group

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.