Bytes Technology Group (LON:BYIT – Get Free Report) released its quarterly earnings data on Tuesday. The company reported GBX 12.76 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Bytes Technology Group had a return on equity of 64.69% and a net margin of 23.25%.
Bytes Technology Group Trading Down 0.8%
LON BYIT traded down GBX 3.40 on Wednesday, hitting GBX 435.60. 3,059,776 shares of the stock were exchanged, compared to its average volume of 2,645,895. 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 firm has a market capitalization of £1.00 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.27 and a beta of 0.72. The stock has a fifty day moving average price of GBX 425.50 and a two-hundred day moving average price of GBX 378.77.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on BYIT shares. Jefferies Financial Group reissued a “hold” rating and issued a GBX 450 target price on shares of Bytes Technology Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded Bytes Technology Group to a “buy” rating and lifted their price target for the stock from GBX 410 to GBX 500 in a research report on Wednesday, August 26th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Bytes Technology Group presently 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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