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Kooth (LON:KOO) Shares Down 15.1% - Here's What Happened

Kooth logo with Medical background

Kooth plc (LON:KOO - Get Free Report)'s share price fell 15.1% during trading on Friday . The company traded as low as GBX 230 ($3.00) and last traded at GBX 241 ($3.15). 268,582 shares changed hands during mid-day trading, an increase of 374% from the average session volume of 56,618 shares. The stock had previously closed at GBX 284 ($3.71).

Wall Street Analysts Forecast Growth

KOO has been the subject of a number of recent research reports. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 580 ($7.57) price target on shares of Kooth in a research note on Tuesday, September 17th. Berenberg Bank reiterated a "buy" rating and set a GBX 590 ($7.70) target price on shares of Kooth in a research note on Tuesday, September 17th.

View Our Latest Analysis on KOO

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 company has a 50 day moving average price of GBX 313.47 and a 200 day moving average price of GBX 301.76. The firm has a market cap of £86.82 million, a PE ratio of 1,983.33 and a beta of 0.71.

Kooth Company Profile

(Get Free Report)

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.

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