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
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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