Bytes Technology Group plc (LON: BYIT ) insider buys £50,719.62 of shares

Bytes Technology Group plc (LON: BYIT – Rated ) insider Neil Murphy acquired 12,873 shares in a trade dated Wednesday, February 1st. The shares were purchased at an average cost of £394 ($4.87) per share, for a total value of £50,719.62 ($62,640.01).

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Neil Murphy has also recently made the following transactions:

  • On Friday, January 6, Neil Murphy purchased 6,531 shares of Bytes Technology Group stock. The stock was acquired at an average cost of GBX 381 ($4.71) per share, for a total value of £24,883.11 ($30,731.27).

Shares of Byte Technology Group rose 0.8%

LON BYIT opened at GBX 390.20 ($4.82) on Thursday. Bytes Technology Group plc had a fifty-two-week low of GBX 355.60 ($4.39) and a fifty-two-week high of GBX 512 ($6.32). The stock has a market cap of £934.46 million and a price-to-earnings ratio of 2,601.33. The stock’s 50-day simple moving average is GBX 398.84 and the 200-day simple moving average is GBX 413.36. The company’s debt-to-equity ratio is 2.36, the quick ratio is 0.98, and the current ratio is 0.99.

Wall Street analysts weigh in

A number of research firms have recently commented on BYIT. Berenberg Bank reiterated a “buy” rating and issued a GBX 500 ($6.18) price target on shares of Bytes Technology Group in a report on Friday, October 28th. Barclays reiterated an “overweight” rating and issued a GBX 640 ($7.90) price objective on shares of Bytes Technology Group in a research report on Friday, October 28th.

About Byte Technology Group

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Bytes Technology Group plc provides software, IT security, hardware and cloud services in the UK, the rest of Europe and internationally. The company sells servers, laptops, and other equipment; a variety of cloud-based and non-cloud-based licenses; and provides training and consulting services externally and internally.

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