THG (LON:THG) Trading Down 11.2% – Here’s Why

Shares of THG Plc (LON:THG) were down 11.2% during trading on Wednesday . The stock traded as low as GBX 47.76 ($0.60) and last traded at GBX 47.80 ($0.60). Approximately 4,923,972 shares traded hands during mid-day trading, an increase of 39% from the average daily volume of 3,545,230 shares. The stock had previously closed at GBX 53.80 ($0.68).

Analysts Set New Price Targets

Several research firms recently issued reports on THG. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of THG in a research report on Thursday, December 5th. Canaccord Genuity Group decreased their price target on THG from GBX 66 ($0.83) to GBX 53 ($0.67) and set a “hold” rating on the stock in a research note on Thursday, September 26th.

THG Stock Performance

The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 111.80. The firm has a market capitalization of £731.34 million, a price-to-earnings ratio of -281.18, a PEG ratio of -0.08 and a beta of 2.40. The stock’s 50-day moving average is GBX 46.10 and its 200-day moving average is GBX 56.37.

Insider Buying and Selling at THG

In other THG news, insider Charles Allen purchased 542,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was bought at an average cost of GBX 46 ($0.58) per share, with a total value of £249,320 ($313,452.35). Also, insider Damian Sanders acquired 153,061 shares of the stock in a transaction on Tuesday, October 15th. The stock was bought at an average cost of GBX 49 ($0.62) per share, for a total transaction of £74,999.89 ($94,292.04). Corporate insiders own 31.60% of the company’s stock.

THG Company Profile

THG Plc operates as an e-commerce technology company in the United Kingdom, the United States, Europe, and internationally. The company operates through THG Beauty, THG Nutrition, and THG Ingenuity segments. The THG Beauty segment manufactures and retails skincare, haircare, cosmetics, body care, and fragrance; and operates spa and experience venues, as well as luxury clothing and homeware.