Boku (LON:BOKU) Shares Up 2.8% – Here’s Why

Shares of Boku, Inc. (LON:BOKU) traded up 2.8% during mid-day trading on Wednesday . The company traded as high as GBX 190 ($2.47) and last traded at GBX 185 ($2.41). 826,438 shares traded hands during trading, an increase of 88% from the average session volume of 439,560 shares. The stock had previously closed at GBX 180 ($2.34).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 230 ($2.99) price target on shares of Boku in a report on Friday, August 9th.

Boku Stock Up 2.8 %

The firm’s 50 day moving average price is GBX 167.68 and its two-hundred day moving average price is GBX 174.95. The company has a market capitalization of £556.04 million, a P/E ratio of 9,250.00 and a beta of -0.11. The company has a current ratio of 1.27, a quick ratio of 1.38 and a debt-to-equity ratio of 2.29.

About Boku

Boku, Inc provides local payment solutions for merchants. The company offers mobile payments solutions, including mobile wallets, direct carrier billing, and real-time payments schemes. It also provides mobile identity and authentication solutions. The company connects its customers with mobile network operators.