Kooth (LON:KOO) Stock Jumps 11% – Here’s What Happened

Shares of Kooth plc (LON:KOO – Get Free Report) traded up 11% during trading on Friday. The company traded as high as GBX 187 and last traded at GBX 187. Approximately 479,068 shares changed 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 Upgrades and Downgrades

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

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Kooth Stock Performance

The firm’s 50-day moving average price is GBX 163.69 and its two-hundred day moving average price is GBX 148.72. The stock has a market cap of £67.86 million, a price-to-earnings ratio of 26.71 and a beta of 1.32.

Kooth (LON:KOO – Get Free Report) last posted its earnings results on Wednesday, September 23rd. The company reported GBX 5 earnings per share for the quarter. Kooth had a net margin of 9.43% and a return on equity of 17.74%. As a group, sell-side analysts expect that Kooth plc will post 12.9798903 earnings per share for the current fiscal year.

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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