Bytes Technology Group (LON:BYIT) Hits New 12-Month Low – Here’s What Happened

Posted by Oscar Bower on Jan 15th, 2025

Shares of Bytes Technology Group plc (LON:BYIT – Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 405 ($4.94) and last traded at GBX 405 ($4.94), with a volume of 327618 shares. The stock had previously closed at GBX 414.80 ($5.06).

Analysts Set New Price Targets

Several equities research analysts have issued reports on BYIT shares. Berenberg Bank reissued a “buy” rating and issued a GBX 640 ($7.81) price objective on shares of Bytes Technology Group in a research report on Tuesday, October 15th. Shore Capital reiterated a “buy” rating on shares of Bytes Technology Group in a report on Tuesday, October 15th.

Read Our Latest Report on BYIT

Bytes Technology Group Price Performance

The company has a debt-to-equity ratio of 3.50, a current ratio of 1.08 and a quick ratio of 0.98. The firm has a fifty day moving average of GBX 440.51 and a two-hundred day moving average of GBX 473.50. The stock has a market capitalization of £995.84 million, a P/E ratio of 2,175.79, a P/E/G ratio of 2.27 and a beta of 0.65.

About Bytes Technology Group

(Get Free Report)

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.