Kooth (LON:KOO) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Kooth plc (LON:KOO) shares crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 185.88 and traded as low as GBX 180.50. Kooth shares last traded at GBX 183.50, with a volume of 319,493 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 330 price target on shares of Kooth in a report on Wednesday, September 23rd. Two research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 345.

Kooth Price Performance

The firm has a market cap of £67.31 million, a P/E ratio of 12.33 and a beta of 1.34. The company’s 50-day simple moving average is GBX 185.88 and its 200 day simple moving average is GBX 151.20.

Kooth (LON:KOO) last announced its earnings results on Wednesday, September 23rd. The company reported GBX 5 earnings per share (EPS) for the quarter. Kooth had a net margin of 9.43% and a return on equity of 17.74%. Analysts anticipate that Kooth plc will post 12.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kooth news, insider Simon Robert Philips sold 3,429,605 shares of the company’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of GBX 135, for a total transaction of £4,629,966.75. 30.41% of the stock is owned by insiders.

About Kooth

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.