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

Shares of Kooth plc (LON:KOO) shot up 1.2% during mid-day trading on Friday . The stock traded as high as GBX 170 ($2.15) and last traded at GBX 170 ($2.15). 294,405 shares were traded during 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 Ratings Changes

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

Kooth Price Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 2.19 and a quick ratio of 2.36. 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 fifty day moving average of GBX 196.39 and a 200-day moving average of GBX 271.98.

Insiders Place Their Bets

In related news, insider Timothy John Barker bought 20,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of GBX 160 ($2.02) per share, with a total value of £32,000 ($40,388.74). 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.