Health

Kooth (LON:KOO) Trading Down 8.7% on Analyst Downgrade

Kooth (LON:KOO) Trading Down 8.7% on Analyst Downgrade

Kooth plc (LON:KOO – Get Free Report)’s share price fell 8.7% on Tuesday after Canaccord Genuity Group lowered their price target on the stock from GBX 490 to GBX 430. Canaccord Genuity Group currently has a buy rating on the stock. Kooth traded as low as GBX 135 ($1.82) and last traded at GBX 137 ($1.84). 173,288 shares were traded during mid-day trading, an increase of 87% from the average session volume of 92,664 shares. The stock had previously closed at GBX 150 ($2.02).
Separately, Berenberg Bank lifted their target price on shares of Kooth from GBX 260 to GBX 300 and gave the stock a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 365.
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Kooth Stock Performance
The company has a quick ratio of 2.36, a current ratio of 2.19 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of £51.22 million, a PE ratio of 680.38 and a beta of 0.71. The firm’s 50-day moving average price is GBX 159.61 and its two-hundred day moving average price is GBX 156.67.
Kooth (LON:KOO – Get Free Report) last posted its quarterly earnings results on Tuesday, September 23rd. The company reported GBX (0.03) EPS for the quarter. Kooth had a return on equity of 18.59% and a net margin of 7.89%. As a group, research analysts predict that Kooth plc will post 12.9798903 earnings per share for the current fiscal year.
About Kooth
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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.
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