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The latest update is out from Kooth ( (GB:KOO) ).
Kooth plc announced the repurchase of 59,410 ordinary shares as a part of its Share Buyback Programme, executed through Stifel Nicolaus Europe Limited. This move will impact the total number of voting rights, enhancing shareholder value and potentially strengthening Kooth’s market position. The repurchased shares will be held in treasury, ensuring greater control over share distribution and possibly improving earnings per share.
More about Kooth
Kooth is a global leader in youth digital mental well-being, offering a platform that provides easy access to therapeutic support and interventions. The company is accredited by the British Association of Counselling and Psychotherapy (BACP) and is the largest single access provider for mental health support for under 18s in the UK. Kooth has been expanding internationally, with a focus on the US market, to address the growing need for youth mental health services.
YTD Price Performance: -12.40%
Average Trading Volume: 98,580
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £57.61M
Learn more about KOO stock on TipRanks’ Stock Analysis page.
