Kooth (LON:KOO) Trading Down 1.8% – Should You Sell?

Kooth plc (LON:KOO) was down 1.8% on Wednesday . The company traded as low as GBX 163 ($2.06) and last traded at GBX 165 ($2.09). Approximately 56,067 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 77,557 shares. The stock had previously closed at GBX 168 ($2.13).

Analysts Set New Price Targets

A number of research analysts recently weighed in on KOO shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 590 ($7.47) price objective on shares of Kooth in a report on Tuesday, September 17th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 580 ($7.34) price objective on shares of Kooth in a research note on Tuesday, September 17th.

Kooth Trading Down 1.8 %

The company has a quick ratio of 2.36, a current ratio of 2.19 and a debt-to-equity ratio of 0.14. The firm has a market cap of £60.19 million, a price-to-earnings ratio of 1,375.00 and a beta of 0.71. The business has a 50 day moving average price of GBX 249.18 and a 200-day moving average price of GBX 287.24.

Insider Buying and Selling at Kooth

In other news, insider Timothy John Barker bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was bought at an average price of GBX 160 ($2.02) per share, for a total transaction of £32,000 ($40,490.95). 17.30% of the stock is owned by insiders.

Kooth Company Profile

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.