Kooth (LON:KOO) Shares Down 3.7% – Here’s Why

Kooth plc (LON:KOO)’s share price traded down 3.7% on Friday . The stock traded as low as GBX 132.50 ($1.71) and last traded at GBX 135.35 ($1.75). 36,542 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 105,447 shares. The stock had previously closed at GBX 140.50 ($1.81).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 580 ($7.48) target price on shares of Kooth in a research note on Friday, March 14th.

Kooth Stock Down 3.7 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 2.19 and a quick ratio of 2.36. The stock has a market capitalization of £49.68 million, a P/E ratio of 12.72 and a beta of 0.71. The stock’s fifty day moving average is GBX 149.03 and its two-hundred day moving average is GBX 188.65.

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.