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Bytes Technology Group Plc (JSE: BYI) | SHARE PRICE

Nigel Firth
Nigel Frith trader
Updated 24 May 2024

What is Bytes Technology Group Plc

Bytes Technology Group Plc is a leading company listed on the Johannesburg Stock Exchange (JSE) that provides IT software offerings and solutions, with a focus on cloud and security products.

Bytes Technology Group Plc also offers storage and virtualisation, licensing, digital transformation, software asset management, cloud management, and cyber consulting services. Bytes Technology Group Plc enables effective and cost-efficient technology sourcing, adoption, and management across software services, including security and the Cloud.

Bytes Technology Group Plc operates under two core brands, namely, Bytes Software Services and Phoenix Software.


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Bytes Technology Group Plc

The history of Bytes Technology Group Plc can be traced back to 1982 when it was founded. Today, Bytes Technology Group Plc has a diversified portfolio of products and services in more sectors of the software and computer services value chain and renders the following services: support to CIOs and IT departments of large enterprises, public sector organizations, and commercial businesses to maximise productivity, achieve digital transformation, and realise the increasing value of their IT systems and platforms.

Bytes Technology Group Plc's equity stocks are for sale online on the Johannesburg Stock Exchange (JSE) under the stock symbol BYI.

Bytes Technology Group Plc has its headquarters at Bytes House, Randalls Way, LeatherHead, KT22 7TW, United Kingdom.

The current CEO of Bytes Technology Group Plc is Neil Murphy and the board of directors is chaired by Patrick de Smedt.

Bytes Technology Group Plc forms part of the Technology sector, specifically, the Software and Computer Services industry, of the Johannesburg Stock Exchange (JSE).

Bytes Technology Group

Bytes Technology Group Plc Stock Performance

The current price for Bytes Technology Group Plc stocks on the Johannesburg Stock Exchange (JSE) is 104.94 ZAR.

BYI stocks closed a recent trading day (18 October 2021) at 104.74 ZAR per share on the Johannesburg Stock Exchange (JSE), experiencing a 0.1% gain from its previous closing price of 104.67 ZAR.

An analysis of financial data of Bytes Technology Group Plc showed that the company has a total market capitalisation of 25.1 Billion ZAR, with a Price/Earning ratio of 57.50 and earnings per share of 1.8216 ZAR. The dividend per share of BYI was 0 ZAR and its dividend yield was 0.  A total of 239 Million shares were outstanding.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Bytes Technology Group Plc stocks can be assured of lucrative dividends and earnings in times to come.

According to an analysis on the live chart of Bytes Technology Group Plc, analysts forecast further improved performance for the technology sector with market share growing as trading volumes increase.

Highlights of Bytes Technology Group Plc in 2021

Bytes Technology Group Plc started the current financial year (2021) with a share price of 66.70 ZAR on the Johannesburg Stock Exchange (JSE), and it has gained 57 % in value on its price valuation, ranking 74th on the JSE where its year-to-date performance is concerned.

Bytes Technology Group Plc is currently the 193rd most-traded stock on the JSE and it has experienced a total trading volume of more than 9.27 million shares, which were finalised in 11,895 deals and were valued at a total of 880 million ZAR over the recent three month period from July to October 2021, with an average of 147,132 shares in each trading session.

During the same period a volume high of 2.61 million was achieved on 23 July and a low of 5,162 on 1 September.

How to buy Bytes Technology Group Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participating daily. To buy, sell or trade Bytes Technology Group Plc stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “BYI”.
  2. Select a forex broker that offers access to the Johannesburg Stock Exchange (JSE).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.

FAQs

The Johannesburg Stock Exchange (JSE) was founded in 1887 during the first South African gold rush. Today it is the principal stock exchange of South Africa and the largest exchange on the continent.

The Johannesburg Stock Exchange is located in Sandton, Johannesburg and is described as the engine room of the South African economy, with the main purpose of facilitating the raising of primary capital for listed companies while improving job opportunities and wealth creation by providing an orderly market for dealing in securities for investors.

The JSE upgraded to electronic trading in 1996, and in 2005, demutualized and listed on its own exchange.

Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.