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

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

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 430 price objective on shares of Kooth in a research note on Wednesday, November 19th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 365.

Kooth Price Performance

The firm has a fifty day moving average of GBX 118.64 and a 200 day moving average of GBX 141.17. The company has a market capitalization of £37.44 million, a P/E ratio of 12.99 and a beta of 0.71. The company has a current ratio of 2.19, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13.

Kooth Company Profile

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.