The price of BYTE Acquisition Corp. (NASDAQ:BYTS) shares last traded on Wall Street rose 0.10% to $10.14.
BYTS stock price is now 0.88% away from the 50-day moving average and 2.76% away from the 200-day moving average. The market capitalization of the company currently stands at $421.11M.
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There have been several recent changes in the stakes of large investors in BYTS stock. A new stake in BYTE Acquisition Corp. shares was purchased by BNP PARIBAS ARBITRAGE, SNC during the first quarter worth $14,159,000. MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD. invested $12,168,000 in shares of BYTS during the first quarter. In the first quarter, WESTCHESTER CAPITAL MANAGEMENT, LLC acquired a new stake in BYTE Acquisition Corp. valued at approximately $950,000. VIRTU FINANCIAL LLC acquired a new stake in BYTS for approximately $424,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP purchased a new stake in BYTS valued at around $344,000 in the second quarter. In total, there are 56 active investors with 84.80% ownership of the company’s stock.
A candlestick chart of BYTE Acquisition Corp. (NASDAQ: BYTS) showed a price of $10.14 on Monday morning. During the past 12 months, BYTE Acquisition Corp. has had a low of $9.66 and a high of $10.74. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 6.50, and a quick ratio of 6.50. The fifty day moving average price for BYTS is $10.06 and a two-hundred day moving average price translates $9.90 for the stock.
The latest earnings results from BYTE Acquisition Corp. (NASDAQ: BYTS) was released for Jun, 2022.
BYTE Acquisition Corp.(BYTS) Company Profile
BYTE Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus its search for targets in the Israeli technology industry, including cybersecurity, automotive technology, fintech, enterprise software, cloud computing, semiconductors, medical technology, artificial intelligence, and robotics. The company was incorporated in 2021 and is based in New York, New York.
