Bytes Technology Shares Slide 6% Ahead of Interim Results
Bytes Technology shares were down sharply by early afternoon in London today, on course for the second-largest daily fall in six months, with the company due to report interim results.
Bytes Technology (LON: BYIT), the software infrastructure company, fell 6.1% to 434p by 1:57pm London time today. The company is scheduled to publish interim results today.
The fall leaves Bytes 74% above its 52-week low and up 23.1% so far this year. Its market value is about £1.04bn.
Bytes Technology shares over the month to today, with Tuesday’s session marked.
How unusual this is
Today’s fall is the second-largest daily drop in the past 126 sessions, about six months of trading. Only one session in that period saw a bigger fall.
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Volume stood at 483,044 shares, against a 20-day average of 741,263.
Bytes Technology’s daily share price changes over six months, with today’s move highlighted.
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