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Kooth ( (GB:KOO) ) has shared an update.
Kooth announced the purchase of 59,787 of its own shares as part of its Share Buyback Programme, with the repurchased shares held in treasury. This action reflects Kooth’s strategic financial management and could enhance shareholder value by reducing the number of outstanding shares, potentially impacting voting rights and market perception.
More about Kooth
Kooth is a global leader in youth digital mental well-being, providing accessible and safe spaces for better mental health through a clinically robust platform. It offers therapeutic support, interventions, and access to experienced online counselors, with no thresholds for support or waiting lists. Kooth is accredited by the British Association of Counselling and Psychotherapy and is the largest single access provider for mental health support for under 18s in the UK. The company is also focusing on international expansion, particularly in the US market.
YTD Price Performance: -9.92%
Average Trading Volume: 105,214
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £57.52M
Learn more about KOO stock on TipRanks’ Stock Analysis page.
