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

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

Analyst Ratings Changes

KOO has been the topic of several recent research reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 580 ($7.32) price objective on shares of Kooth in a report on Tuesday, September 17th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 590 ($7.45) price target on shares of Kooth in a research note on Tuesday, September 17th.

Kooth Price Performance

The firm has a 50-day simple moving average of GBX 196.39 and a 200-day simple moving average of GBX 271.98. The firm has a market cap of £62.02 million, a P/E ratio of 1,416.67 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 0.14.

Insider Activity

In other Kooth news, insider Timothy John Barker bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased at an average cost 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.

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.