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An update from Kooth ( (GB:KOO) ) is now available.
Kooth plc announced a share buyback, purchasing 29,268 shares at a uniform price of £1.5950 each, as part of its ongoing program. The repurchased shares will be held in treasury, adjusting Kooth’s total voting rights, which could potentially impact market perception and shareholder value by demonstrating confidence in the company’s financial health.
More about Kooth
Kooth is a global leader in youth digital mental well-being, offering accessible and safe spaces for improved mental health through a clinically robust platform. The company provides therapeutic support and interventions, emphasizing early intervention and prevention. Kooth holds UK-wide accreditation from the British Association of Counselling and Psychotherapy and is the largest provider of mental health support for under-18s in the UK. The company is expanding internationally, focusing on the US market due to the increasing importance of youth mental health.
YTD Price Performance: -12.12%
Average Trading Volume: 95,480
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £57.93M
Learn more about KOO stock on TipRanks’ Stock Analysis page.
