Boku (LON:BOKU) Trading Down 1% – Here’s What Happened

Shares of Boku, Inc. (LON:BOKU) dropped 1% on Wednesday . The stock traded as low as GBX 209 and last traded at GBX 209.81. Approximately 224,596 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 785,060 shares. The stock had previously closed at GBX 212.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BOKU shares. Canaccord Genuity Group upped their price objective on shares of Boku from GBX 271 to GBX 324 and gave the stock a “buy” rating in a research note on Monday, October 20th. Berenberg Bank restated a “buy” rating and issued a GBX 300 price target on shares of Boku in a report on Monday, October 20th. Jefferies Financial Group increased their price objective on shares of Boku from GBX 275 to GBX 324 and gave the company a “buy” rating in a research note on Monday, October 20th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 308 price objective on shares of Boku in a research note on Tuesday, September 30th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 314.

Boku Trading Down 1.0%

The company’s 50 day simple moving average is GBX 230.01 and its two-hundred day simple moving average is GBX 215.77. The company has a quick ratio of 1.38, a current ratio of 1.27 and a debt-to-equity ratio of 2.29. The company has a market capitalization of £622.57 million, a price-to-earnings ratio of 41.96 and a beta of -0.11.

About Boku

Boku Inc (AIM: BOKU) is a global network of localised payment solutions. Through a single integration, Boku provides access to a comprehensive network of digital wallets, direct carrier billing, and account-to-account (A2A) real-time payment schemes – reaching over 7 billion consumer payment accounts worldwide.