BYI - Bytes Technology Group Plc

Oct 21, 2021 at 16:46 Twitter · Facebook

BYI share price on Johannesburg Stock Exchange

Bytes Technology Group PLC is one of the UK’s leading providers of IT software offerings and solutions, with a focus on cloud and security products. The Bytes Group also offers storage and virtualization, licensing, digital transformation, software asset management, cloud management, and cyber consulting services. The firm enables effective and cost-efficient technology sourcing, adoption, and management across software services, including in the areas of security and the Cloud. Bytes aims to deliver the latest technology to a diverse and embedded non-consumer customer base and has a long track record of delivering strong financial performance.

The Bytes Technology Group operates under two core brands, namely, Bytes Software Services and Phoenix Software. The company also provides support to CIOs and IT departments of large enterprises, public sector organizations, and commercial businesses to help them maximize productivity, achieve digital transformation, and realize the increasing value of their IT systems and platforms. Bytes Technology Group is headquartered in Leatherhead, United Kingdom.

BYI Stock Market Performance

The current share price of Bytes Technology Group Plc (BYI) is ZAR 102.00. BYI closed its last trading day (Thursday, October 21, 2021) at 102.00 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 2.5% drop from its previous closing price of 104.63 ZAR. Bytes Technology began the year with a share price of 66.70 ZAR and has since gained 52.9% on that price valuation, ranking it 81st on the JSE in terms of year-to-date performance. Investors should, however, take caution of BYI’s recent bad performance, having lost 5% of its value in the past four weeks.

Bytes Technology Group is the 210th most traded stock on the Johannesburg Stock Exchange over the past three months (Jul 23 - Oct 21, 2021). BYI has traded a total volume of 6.98 million shares—in 10,569 deals—valued at ZAR 680 million over the period, with an average of 110,784 traded shares per session. A volume high of 2.61 million was achieved on July 23rd, and a low of 4,347 on October 20th, for the same period. The table below details the last 10 trading days of activity of Bytes Technology on the Johannesburg Stock Exchange.

Profile of Bytes Technology Group Plc

Bytes Technology Group Plc was founded on October 7, 2020 and operates in the Technology sector, specifically, the Software & Computer Services industry. The company is led by Neil Murphy as its Chief Executive Director. The company's board of directors, chaired by Patrick de Smedt, is composed of six members whose names are listed below.

1. De Smedt, Patrick
   Chairman
2. Murphy, Neil
   Chief Executive Director
3. Richardson, Keith
   Chief Financial Officer
4. Phillips, Mike
   Senior Independent Non Executive Director
5. Vincent, Alison (Dr)
   Independent Non Executive Director
6. Maw, David
   Non Executive Director

BYI Industrial Market Competitors

Bytes Technology Group Plc, issuers of the BYI stock on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Technology sector and/or Software & Computer Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Stock Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange