Bytes Technology Group plc (LON:BYIT – Get Rating) shares were up 2.7% during trading on Thursday . The stock traded as high as GBX 443.40 ($5.55) and last traded at GBX 439.80 ($5.51). Approximately 2,671,899 shares changed hands during mid-day trading, an increase of 241% from the average daily volume of 782,657 shares. The stock had previously closed at GBX 428.40 ($5.37).
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 480 ($6.01) price target on shares of Bytes Technology Group in a research report on Friday, March 24th.
Bytes Technology Group Stock Up 2.7 %
The company has a market cap of £1.05 billion, a PE ratio of 3,141.43, a P/E/G ratio of 2.27 and a beta of 0.86. The firm has a 50-day simple moving average of GBX 398.95 and a two-hundred day simple moving average of GBX 400.43. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.99 and a quick ratio of 0.98.
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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