Stocks

Bytes Technology Group Shares Surge 17.9% - Here's What You Need to Know

Published March 20, 2025

Shares of Bytes Technology Group plc (LON:BYIT - Get Free Report) experienced a significant rise of 17.9% during trading on Tuesday. The stock peaked at GBX 503 ($6.54) and closed the day at GBX 488.40 ($6.35). A staggering 156,397,625 shares were exchanged during the session, marking an incredible increase of 3,624% from the typical trading volume of 4,199,771 shares. This uptick follows a previous close of GBX 414.40 ($5.39).

Analyst Ratings

In a separate report, Shore Capital maintained a "buy" rating for Bytes Technology Group shares on Tuesday, indicating positive sentiment among analysts regarding the stock's future performance.

Stock Overview

Bytes Technology Group has a market capitalization of £1.18 billion. It shows a price-to-earnings (P/E) ratio of 22.70, a price/earnings to growth (PEG) ratio of 2.27, and a beta of 0.65. The company's 50-day moving average stands at GBX 436.45, and its 200-day moving average is at GBX 454.69. Financially, Bytes maintains a debt-to-equity ratio of 0.67 and has liquidity ratios with a quick ratio of 0.98 and a current ratio of 1.09.

Insider Transactions

In a recent insider move, Ross Paterson bought 2,800 shares of Bytes Technology Group on January 20th at an average price of GBX 427 ($5.55) per share, totaling £11,956 ($15,543.42). Currently, insiders hold 9.51% of the company's shares.

Company Background

Bytes Technology Group boasts a robust 40-year history and is regarded as one of the UK’s foremost providers of software, security, and cloud services. The company specializes in delivering effective and cost-efficient technology solutions for software, security, hardware, and cloud services while maintaining strong partnerships with numerous top software companies.

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