Kooth (LON:KOO) Trading Down 0.8% – Here’s Why

Shares of Kooth plc (LON:KOO) fell 0.8% during mid-day trading on Wednesday . The stock traded as low as GBX 145 and last traded at GBX 146.25. Approximately 49,714 shares were traded during mid-day trading, a decline of 46% from the average session volume of 92,091 shares. The stock had previously closed at GBX 147.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 330 target price on shares of Kooth in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 330.

Kooth Stock Down 1.7%

The company has a market capitalization of £52.59 million, a PE ratio of 20.71 and a beta of 1.29. The business has a 50 day simple moving average of GBX 155.77 and a 200 day simple moving average of GBX 139.78.

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.