Boku (LON:BOKU) Stock Price Up 3% – Here’s Why

Shares of Boku, Inc. (LON:BOKU) shot up 3% on Wednesday . The stock traded as high as GBX 174.80 ($2.28) and last traded at GBX 170 ($2.22). 149,852 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 429,727 shares. The stock had previously closed at GBX 165 ($2.15).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 230 ($3.00) price objective on shares of Boku in a report on Friday, August 9th.

Boku Stock Performance

The company has a quick ratio of 1.38, a current ratio of 1.27 and a debt-to-equity ratio of 2.29. The business has a 50 day moving average of GBX 167.86 and a 200 day moving average of GBX 175.50. The company has a market capitalization of £512.65 million, a P/E ratio of 8,500.00 and a beta of -0.11.

About Boku

Boku, Inc provides local payment solutions for merchants. The company offers mobile payments solutions, including mobile wallets, direct carrier billing, and real-time payments schemes. It also provides mobile identity and authentication solutions. The company connects its customers with mobile network operators.