Boku (LON:BOKU) Trading Down 2.9% – Here’s What Happened

Boku, Inc. (LON:BOKU) was down 2.9% on Thursday . The stock traded as low as GBX 108.23 and last traded at GBX 108.23. 84,273 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 1,324,538 shares. The stock had previously closed at GBX 111.50.

Analyst Ratings Changes

A number of research firms recently weighed in on BOKU. Berenberg Bank dropped their price objective on shares of Boku from GBX 300 to GBX 200 and set a “buy” rating on the stock in a report on Monday, July 13th. Canaccord Genuity Group reduced their target price on shares of Boku from GBX 324 to GBX 263 and set a “buy” rating for the company in a research note on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Boku currently has an average rating of “Buy” and an average price target of GBX 270.50.

Boku Stock Down 2.9%

The firm’s fifty day moving average is GBX 122.87 and its two-hundred day moving average is GBX 160.51. The firm has a market cap of £310.80 million, a price-to-earnings ratio of 27.06 and a beta of 0.10. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.28 and a quick ratio of 1.38.

Insider Buying and Selling

In other news, insider Stuart Paul Neal bought 106,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were purchased at an average price of GBX 95 per share, with a total value of £100,700. Also, insider Rob Whittick bought 65,000 shares of the business’s stock in a transaction on Friday, July 10th. The stock was purchased at an average price of GBX 99 per share, with a total value of £64,350. Corporate insiders own 5.87% of the company’s stock.

Boku Company Profile