Bytes Technology Group (LON:BYIT) Reaches New 1-Year Low – Here’s Why

Posted by Alanna Baker on Jan 23rd, 2026

Bytes Technology Group plc (LON:BYIT – Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as GBX 316.20 and last traded at GBX 335.80, with a volume of 326095 shares traded. The stock had previously closed at GBX 332.80.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BYIT shares. Berenberg Bank reiterated a “hold” rating and set a GBX 390 price objective on shares of Bytes Technology Group in a research report on Tuesday, October 14th. Shore Capital reaffirmed a “hold” rating and set a GBX 410 target price on shares of Bytes Technology Group in a research report on Tuesday, October 14th. Finally, Jefferies Financial Group downgraded Bytes Technology Group to a “hold” rating and reduced their target price for the company from GBX 447 to GBX 400 in a report on Wednesday, January 14th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 461.60.

Check Out Our Latest Report on Bytes Technology Group

Bytes Technology Group Stock Performance

The firm’s 50-day simple moving average is GBX 350.98 and its two-hundred day simple moving average is GBX 368.51. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of £793.59 million, a PE ratio of 15.71, a PEG ratio of 2.27 and a beta of 0.65.

About Bytes Technology Group

(Get Free Report)

With a 40-year track record, Bytes Technology Group is one of the UK and Ireland’s leading software, security, AI and cloud services specialists. We enable effective and cost-efficient technology sourcing, adoption and management across software, security, hardware, and AI and cloud services.

Our strong relationships with many of the world’s largest software companies enable our specialist staff to deliver the latest technology to a diverse and embedded customer base. This has resulted in our long track record of strong financial performance.