Kooth (LON:KOO) Shares Down 15.9% – Time to Sell?

Kooth plc (LON:KOO)’s stock price dropped 15.9% during mid-day trading on Thursday . The company traded as low as GBX 190 ($2.47) and last traded at GBX 190 ($2.47). Approximately 106,659 shares were traded during mid-day trading, an increase of 82% from the average daily volume of 58,456 shares. The stock had previously closed at GBX 226 ($2.93).

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Berenberg Bank restated a “buy” rating and set a GBX 590 ($7.66) target price on shares of Kooth in a research note on Tuesday, September 17th. Canaccord Genuity Group restated a “buy” rating and set a GBX 580 ($7.53) price objective on shares of Kooth in a research report on Tuesday, September 17th.

Kooth Stock Down 18.1 %

The firm’s fifty day moving average is GBX 308.55 and its 200-day moving average is GBX 301.08. The company has a market capitalization of £67.49 million, a P/E ratio of 1,541.67 and a beta of 0.71. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.36 and a current ratio of 2.19.

Kooth Company Profile

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.