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

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

Analyst Ratings Changes

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

Kooth Stock Performance

The company has a 50 day moving average price of GBX 117.96 and a 200-day moving average price of GBX 140.42. 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 market cap of £40.52 million, a P/E ratio of 14.06 and a beta of 0.71.

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.