Kooth (LON:KOO) Trading Down 2.9% – Here’s Why

Shares of Kooth plc (LON:KOO) were down 2.9% during mid-day trading on Wednesday . The stock traded as low as GBX 103.90 and last traded at GBX 103.90. Approximately 381,507 shares were traded during mid-day trading, an increase of 52% from the average daily volume of 250,772 shares. The stock had previously closed at GBX 107.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 430 target price on shares of Kooth in a research note on Wednesday, November 19th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 365.

Kooth Stock Performance

The business’s fifty day moving average is GBX 118.64 and its 200-day moving average is GBX 141.17. The company has a quick ratio of 2.36, a current ratio of 2.19 and a debt-to-equity ratio of 0.13. The company has a market cap of £37.44 million, a PE ratio of 12.99 and a beta of 0.71.

About Kooth

At Kooth, our sole purpose is to create easy-to-access online mental health services that work alongside you to provide compassionate and effective support.