Kooth (LON:KOO) Trading Up 17.1% - Here's Why

Kooth plc (LON:KOO - Get Free Report)'s stock price rose 17.1% during mid-day trading on Tuesday . The stock traded as high as GBX 158 ($2.10) and last traded at GBX 153.45 ($2.04). Approximately 137,748 shares changed hands during trading, an increase of 38% from the average daily volume of 99,726 shares. The stock had previously closed at GBX 131 ($1.74).

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on KOO shares. Berenberg Bank reiterated a "buy" rating and set a GBX 300 ($3.99) price target on shares of Kooth in a report on Tuesday. Canaccord Genuity Group lowered their target price on Kooth from GBX 580 ($7.71) to GBX 490 ($6.52) and set a "buy" rating on the stock in a research note on Tuesday.

Kooth Stock Up 2.7 %

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 business has a 50 day simple moving average of GBX 142.80 and a 200 day simple moving average of GBX 173.40. The stock has a market cap of £54.64 million, a PE ratio of 13.99 and a beta of 0.71.

Kooth (LON:KOO - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported GBX 22 ($0.29) earnings per share (EPS) for the quarter. Kooth had a net margin of 7.89% and a return on equity of 18.59%. On average, equities research analysts forecast that Kooth plc will post 12.9798903 EPS for the current fiscal year.

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.