Kooth (LON:KOO) Earns “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Kooth (LON:KOOFree Report) in a report released on Thursday morning, MarketBeat.com reports. Canaccord Genuity Group currently has a GBX 580 ($7.24) target price on the stock.

Kooth Stock Performance

Shares of KOO stock opened at GBX 161 ($2.01) on Thursday. The company has a quick ratio of 2.36, a current ratio of 2.19 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average of GBX 174.18 and a 200 day moving average of GBX 246.30. The firm has a market capitalization of £58.73 million, a price-to-earnings ratio of 1,341.67 and a beta of 0.71. Kooth has a 52 week low of GBX 157 ($1.96) and a 52 week high of GBX 354 ($4.42).

Insider Activity

In other Kooth news, insider Timothy John Barker purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was bought at an average cost of GBX 160 ($2.00) per share, for a total transaction of £32,000 ($39,945.08). 17.30% of the stock is currently owned by company insiders.

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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