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The latest update is out from Kooth ( (GB:KOO) ).
Kooth plc has announced the purchase of 57,198 of its ordinary shares as part of its Share Buyback Programme. The shares, bought via Stifel Nicolaus Europe Limited, will be held in treasury. This action reflects Kooth’s strategic financial management, potentially enhancing shareholder value by reducing the number of shares in circulation, which in turn might positively impact its stock price. The buyback also indicates Kooth’s confidence in its financial health and future prospects, aligning with its mission to expand its digital mental health services globally.
More about Kooth
Kooth plc is a global leader in digital mental well-being, focusing on youth. The company offers a clinically robust platform providing therapeutic support and interventions, accessible without thresholds or waiting lists. It 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. Kooth has also embarked on international expansion, particularly targeting the US market.
YTD Price Performance: -11.57%
Average Trading Volume: 122,826
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £60.72M
See more insights into KOO stock on TipRanks’ Stock Analysis page.
