Kooth (LON:KOO) Trading Down 1.8% – Time to Sell?

Shares of Kooth plc (LON:KOO) dropped 1.8% during trading on Wednesday . The stock traded as low as GBX 163 ($2.05) and last traded at GBX 165 ($2.08). Approximately 56,067 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 77,557 shares. The stock had previously closed at GBX 168 ($2.12).

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 590 ($7.43) target price on shares of Kooth in a report on Tuesday, September 17th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 580 ($7.30) price objective on shares of Kooth in a report on Tuesday, September 17th.

Kooth Stock Performance

The firm’s fifty day moving average price is GBX 246.10 and its two-hundred day moving average price is GBX 286.24. The stock has a market capitalization of £60.01 million, a PE ratio of 1,358.33 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 0.14.

Insiders Place Their Bets

In related news, insider Timothy John Barker acquired 20,000 shares of Kooth stock in a transaction on Wednesday, October 30th. The stock was bought at an average cost of GBX 160 ($2.01) per share, for a total transaction of £32,000 ($40,287.05). 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.