Kooth (LON:KOO) Shares Up 1.2% – Here’s Why

Shares of Kooth plc (LON:KOO) traded up 1.2% on Friday . The stock traded as high as GBX 170 ($2.15) and last traded at GBX 170 ($2.15). 294,405 shares traded hands during mid-day trading, an increase of 261% from the average session volume of 81,613 shares. The stock had previously closed at GBX 168 ($2.12).

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on KOO shares. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 580 ($7.32) price target on shares of Kooth in a research note on Tuesday, September 17th. Berenberg Bank reiterated a “buy” rating and set a GBX 590 ($7.45) price target on shares of Kooth in a report on Tuesday, September 17th.

Kooth Stock Performance

The company has a market capitalization of £62.02 million, a P/E ratio of 1,416.67 and a beta of 0.71. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.36 and a current ratio of 2.19. The business has a 50 day moving average of GBX 196.39 and a 200-day moving average of GBX 271.98.

Insider Activity

In other news, insider Timothy John Barker bought 20,000 shares of the company’s stock in a transaction that occurred on 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 ($40,388.74). Company insiders own 17.30% of the company’s stock.

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.