Kooth (LON:KOO) Shares Down 2.1% – Here’s Why

Kooth plc (LON:KOO) fell 2.1% during trading on Thursday . The company traded as low as GBX 160 ($2.01) and last traded at GBX 161 ($2.03). 107,586 shares traded hands during trading, a decline of 30% from the average session volume of 153,053 shares. The stock had previously closed at GBX 164.50 ($2.07).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 580 ($7.30) price target on shares of Kooth in a research report on Thursday, January 23rd.

Kooth Price Performance

The business has a fifty day moving average of GBX 171.51 and a 200-day moving average of GBX 231.33. The firm has a market cap of £59.64 million, a PE ratio of 15.27 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 0.13.

About Kooth

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.