Bytes Technology Group plc (LON:BYIT) Insider Buys £6,055.14 in Stock

Bytes Technology Group plc (LON:BYIT) insider Anna Vikstrom Persson bought 1,109 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average price of GBX 546 ($6.93) per share, for a total transaction of £6,055.14 ($7,681.26).

Bytes Technology Group Stock Performance

Shares of LON BYIT opened at GBX 554.50 ($7.03) on Friday. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 3.50. The stock has a market capitalization of £1.33 billion, a price-to-earnings ratio of 2,918.42, a PEG ratio of 2.27 and a beta of 0.67. The stock’s fifty day simple moving average is GBX 535.26 and its 200 day simple moving average is GBX 560.64. Bytes Technology Group plc has a 52-week low of GBX 452.60 ($5.74) and a 52-week high of GBX 665 ($8.44).

Bytes Technology Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, July 18th will be issued a GBX 14.70 ($0.19) dividend. This represents a dividend yield of 2.58%. This is a boost from Bytes Technology Group’s previous dividend of $2.70. The ex-dividend date is Thursday, July 18th. Bytes Technology Group’s payout ratio is presently 4,736.84%.

About Bytes Technology Group

Bytes Technology Group plc offers software, IT security, hardware, and cloud services in the United Kingdom, rest of Europe, and internationally. The company sells servers, laptops, and other devices; various cloud-based and non-cloud-based licenses; and externally and internally provided training and consulting services.