Bytes Technology Group (LON:BYIT) Hits New 52-Week Low at $433.80

Shares of Bytes Technology Group plc (LON:BYIT) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 433.80 ($5.73) and last traded at GBX 458.40 ($6.06), with a volume of 394827 shares changing hands. The stock had previously closed at GBX 457.80 ($6.05).

Bytes Technology Group Stock Up 0.4 %

The business’s fifty day moving average price is GBX 479.78 and its two-hundred day moving average price is GBX 513.55. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.98 and a current ratio of 1.08. The firm has a market capitalization of £1.11 billion, a P/E ratio of 2,421.05, a PEG ratio of 2.27 and a beta of 0.65.

Insider Activity at Bytes Technology Group

In other news, insider Sam Mudd purchased 5,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were acquired at an average cost of GBX 506 ($6.68) per share, with a total value of £25,300 ($33,421.40). In other Bytes Technology Group news, insider Sam Mudd purchased 5,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was bought at an average cost of GBX 506 ($6.68) per share, for a total transaction of £25,300 ($33,421.40). Also, insider Ross Paterson purchased 6,429 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were acquired at an average price of GBX 572 ($7.56) per share, for a total transaction of £36,773.88 ($48,578.44). Insiders bought 12,538 shares of company stock valued at $6,812,902 over the last 90 days. Insiders own 9.52% 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.