Bytes Technology Group (LON:BYIT – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported GBX 12.76 earnings per share for the quarter, Digital Look Earnings reports. Bytes Technology Group had a net margin of 23.25% and a return on equity of 64.69%.
Bytes Technology Group Stock Down 0.9%
Shares of Bytes Technology Group stock opened at GBX 435 on Wednesday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.98 and a current ratio of 1.05. Bytes Technology Group has a 52-week low of GBX 232.92 and a 52-week high of GBX 494.20. The stock has a market capitalization of £1.00 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 2.27 and a beta of 0.72. The company’s 50 day moving average price is GBX 425.50 and its 200-day moving average price is GBX 378.77.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on BYIT. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 450 price objective on shares of Bytes Technology Group in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised Bytes Technology Group to a “buy” rating and boosted their target price for the company from GBX 410 to GBX 500 in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 403.75.
Bytes Technology Group Company Profile
BTG is one of the UK and Ireland’s leading software, security, AI and cloud services specialists. With a team of more than 1,200 talented people, it serves around 6,000 customers in the corporate and public sectors, building lasting, trust-based relationships to help organisations get the most from the latest transformative technologies shaping our world.
As a value-added reseller, BTG works hand in hand with more than 100 of the world’s biggest vendors who make or distribute the software, hardware and other IT products that it provides to its customers.
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