Bytes Technology Group (LON:BYIT) Shares Down 2.1%

Bytes Technology Group plc (LON:BYITGet Free Report)’s share price fell 2.1% during mid-day trading on Wednesday . The stock traded as low as GBX 485.80 ($5.93) and last traded at GBX 488.80 ($5.97). 211,522 shares traded hands during trading, a decline of 69% from the average session volume of 681,743 shares. The stock had previously closed at GBX 499.40 ($6.10).

Wall Street Analyst Weigh In

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 638 ($7.79) price target on shares of Bytes Technology Group in a report on Tuesday, September 26th.

View Our Latest Report on Bytes Technology Group

Bytes Technology Group Trading Down 2.1 %

The company has a fifty day moving average of GBX 489.14 and a two-hundred day moving average of GBX 479.10. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of £1.17 billion, a price-to-earnings ratio of 3,055.00, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65.

About Bytes Technology Group

(Get Free Report)

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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