Bytes Technology Group (LON:BYIT – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported GBX 12.76 EPS for the quarter, Digital Look Earnings reports. Bytes Technology Group had a return on equity of 69.17% and a net margin of 21.65%.
Bytes Technology Group Stock Performance
LON BYIT traded up GBX 15.20 during trading hours on Thursday, reaching GBX 443.20. The company’s stock had a trading volume of 38,578,273 shares, compared to its average volume of 2,814,665. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 2.94. The stock has a market cap of £1.02 billion, a PE ratio of 21.37, a PEG ratio of 2.27 and a beta of 0.72. Bytes Technology Group has a 52 week low of GBX 232.92 and a 52 week high of GBX 494.20. The business has a 50-day simple moving average of GBX 425.71 and a 200 day simple moving average of GBX 379.94.
Analysts Set New Price Targets
Several research firms have weighed in on BYIT. Jefferies Financial Group reissued a “hold” rating and set a GBX 450 price target on shares of Bytes Technology Group in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded Bytes Technology Group to a “buy” rating and raised their price objective for the stock from GBX 410 to GBX 500 in a report on Wednesday, August 26th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 520 price objective on shares of Bytes Technology Group in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 443.75.
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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