Kooth (LON:KOO) Trading Down 15.1% – Should You Sell?

Shares of Kooth plc (LON:KOO) dropped 15.1% during mid-day trading on Friday . The company traded as low as GBX 230 ($3.00) and last traded at GBX 241 ($3.15). Approximately 268,582 shares changed hands during mid-day trading, an increase of 374% from the average daily volume of 56,618 shares. The stock had previously closed at GBX 284 ($3.71).

Analysts Set New Price Targets

Several research firms have issued reports on KOO. Berenberg Bank restated a “buy” rating and issued a GBX 590 ($7.70) price objective on shares of Kooth in a research note on Tuesday, September 17th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 580 ($7.57) price target on shares of Kooth in a research note on Tuesday, September 17th.

Kooth Trading Down 16.2 %

The company has a debt-to-equity ratio of 0.14, a current ratio of 2.19 and a quick ratio of 2.36. The company has a market capitalization of £86.82 million, a price-to-earnings ratio of 1,983.33 and a beta of 0.71. The business’s 50-day moving average price is GBX 313.47 and its two-hundred day moving average price is GBX 301.76.

About Kooth

Kooth plc, together with its subsidiaries, provides digital mental health services to children, young people, and adults in the United Kingdom. It operates online platforms that offers various therapeutic support and interventions, including anonymous and personalised mental health support; and a community with a library of peer and professional created content, as well as provides online counselling, coaching, and support services under the Kooth, Qwell, and Soluna names.