Kooth (LON:KOO) Stock Price Down 1.1%

Kooth plc (LON:KOO) shares dropped 1.1% during mid-day trading on Wednesday . The company traded as low as GBX 262 ($3.26) and last traded at GBX 263 ($3.27). Approximately 6,594 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 38,688 shares. The stock had previously closed at GBX 266 ($3.31).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upped their price objective on Kooth from GBX 565 ($7.03) to GBX 580 ($7.22) and gave the stock a “buy” rating in a report on Wednesday, March 27th.

Kooth Price Performance

The stock has a market capitalization of £95.94 million, a PE ratio of -9,033.33 and a beta of 0.70. The business has a fifty day moving average price of GBX 273.83 and a 200-day moving average price of GBX 292.42. The company has a current ratio of 1.86, a quick ratio of 2.36 and a debt-to-equity ratio of 0.21.

About Kooth

Kooth plc, together with its subsidiaries, provides digital mental health services to children, young people, and adults in the United Kingdom. It operates online platforms that offers various therapeutic support and interventions, including anonymous and personalised mental health support; and a community with a library of peer and professional created content, as well as provides online counselling, coaching, and support services under the Kooth, Qwell, and Soluna names.