Kooth (LON:KOO) Trading 11.3% Higher – Here’s What Happened

Kooth plc (LON:KOO)’s stock price traded up 11.3% during mid-day trading on Thursday . The stock traded as high as GBX 168 and last traded at GBX 162.50. Approximately 1,031,003 shares traded hands during mid-day trading, an increase of 982% from the average daily volume of 95,330 shares. The stock had previously closed at GBX 146.

Wall Street Analysts Forecast Growth

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

Kooth Stock Performance

The company’s fifty day moving average price is GBX 155.34 and its 200-day moving average price is GBX 140.63. The stock has a market cap of £70.73 million, a P/E ratio of 27.86 and a beta of 1.29.

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.