Kooth (LON:KOO) Shares Up 11% – Here’s What Happened

Kooth plc (LON:KOO)’s stock price traded up 11% during mid-day trading on Friday. The company traded as high as GBX 187 and last traded at GBX 187. 479,068 shares traded hands during trading, an increase of 348% from the average session volume of 106,824 shares. The stock had previously closed at GBX 168.50.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 330 target price on shares of Kooth in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 345.

Kooth Price Performance

The business has a 50 day simple moving average of GBX 163.69 and a 200 day simple moving average of GBX 148.72. The company has a market capitalization of £67.86 million, a price-to-earnings ratio of 26.71 and a beta of 1.32.

Kooth (LON:KOO) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported GBX 5 earnings per share (EPS) for the quarter. Kooth had a net margin of 9.43% and a return on equity of 17.74%. On average, equities research analysts predict that Kooth plc will post 12.9798903 EPS for the current year.

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.