Kooth (LON:KOO) Stock Price Up 11.2% – Time to Buy?

Kooth plc (LON:KOO) shares rose 11.2% during trading on Thursday . The company traded as high as GBX 118 and last traded at GBX 116.73. Approximately 492,754 shares traded hands during mid-day trading, an increase of 101% from the average daily volume of 245,637 shares. The stock had previously closed at GBX 105.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 430 price objective on shares of Kooth in a research note on Thursday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Kooth currently has an average rating of “Buy” and a consensus price target of GBX 365.

Kooth Stock Up 8.6%

The company has a current ratio of 2.19, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of GBX 118.64 and a two-hundred day simple moving average of GBX 141.17. The firm has a market capitalization of £41.08 million, a P/E ratio of 14.25 and a beta of 0.71.

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.