Boku, Inc. (LON:BOKU) fell 2.9% during trading on Tuesday . The company traded as low as GBX 164.05 ($2.14) and last traded at GBX 166.50 ($2.18). 631,317 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 860,029 shares. The stock had previously closed at GBX 171.50 ($2.24).
Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 190 ($2.48) price target on shares of Boku in a report on Tuesday, March 16th.
The stock has a market capitalization of £488.03 million and a price-to-earnings ratio of -34.69. The firm has a fifty day moving average of GBX 172.27. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 21.50.
In other news, insider Richard Hargreaves sold 44,944 shares of the company’s stock in a transaction that occurred on Wednesday, April 7th. The stock was sold at an average price of GBX 178 ($2.33), for a total transaction of £80,000.32 ($104,520.93).
About Boku (LON:BOKU)
Boku, Inc provides mobile billing and payment solutions for mobile network operators and merchants. The company's solutions enable consumers to make online payments using their mobile devices. It offers payment solutions that delivers mobile payment acceptance across carrier billing and mobile wallets for consumers.
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