Bytes Technology Group plc Plans Dividend of GBX 3.10 (LON:BYIT)

Bytes Technology Group plc (LON:BYIT) announced a dividend on Tuesday, October 15th, Upcoming.Co.Uk reports. Investors of record on Thursday, November 7th will be given a dividend of GBX 3.10 ($0.04) per share on Friday, November 22nd. This represents a yield of 0.65%. The ex-dividend date is Thursday, November 7th. The official announcement can be seen at this link.

Bytes Technology Group Price Performance

BYIT stock opened at GBX 457.14 ($5.93) on Tuesday. The stock has a 50-day simple moving average of GBX 483.57 and a 200-day simple moving average of GBX 504.86. Bytes Technology Group has a 1 year low of GBX 433.80 ($5.63) and a 1 year high of GBX 665 ($8.62). 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 cap of £1.10 billion, a P/E ratio of 2,412.63, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65.

Wall Street Analysts Forecast Growth

BYIT has been the subject of a number of analyst reports. Shore Capital reissued a “buy” rating on shares of Bytes Technology Group in a research report on Tuesday, October 15th. Berenberg Bank restated a “buy” rating and issued a GBX 640 ($8.30) target price on shares of Bytes Technology Group in a research report on Tuesday, October 15th.

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.