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Kooth ( (GB:KOO) ) has issued an announcement.
Kooth plc has announced the repurchase of 5,500 of its own shares at a price of 1.7785 GBP each through its Share Buyback Programme. The purchased shares will be held in treasury, and the transaction reflects Kooth’s strategic financial management. With this buyback, Kooth continues to maintain a strong position in the digital mental health industry, potentially enhancing shareholder value and reinforcing its commitment to financial stability.
More about Kooth
Kooth is a global leader in youth digital mental well-being, providing accessible and safe spaces for mental health improvement through a clinically robust platform. The company offers therapeutic support without waiting lists or thresholds and holds UK-wide accreditation from the British Association of Counselling and Psychotherapy. It is the largest provider for mental health support for under 18s in the UK and is expanding internationally, focusing initially on the US market.
YTD Price Performance: -39.39%
Average Trading Volume: 213,094
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £65.45M
For an in-depth examination of KOO stock, go to TipRanks’ Stock Analysis page.
