THG (LON:THG) Stock Price Down 11.2% – What’s Next?

THG Plc (LON:THG) dropped 11.2% 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 changed hands during 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).

Wall Street Analyst Weigh In

Several analysts have commented on the company. Canaccord Genuity Group lowered their price target on THG from GBX 66 ($0.83) to GBX 53 ($0.67) and set a “hold” rating for the company in a report on Thursday, September 26th. JPMorgan Chase & Co. restated an “underweight” rating on shares of THG in a report on Thursday, December 5th.

THG Stock Up 1.6 %

The firm has a market capitalization of £682.38 million, a PE ratio of -262.35, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40. 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 50-day moving average of GBX 45.78 and a two-hundred day moving average of GBX 56.06.

Insider Transactions at THG

In related news, insider Damian Sanders bought 153,061 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price of GBX 49 ($0.62) per share, with a total value of £74,999.89 ($94,256.49). Also, insider Charles Allen bought 542,000 shares of the stock in a transaction dated Wednesday, October 30th. The stock was bought at an average price of GBX 46 ($0.58) per share, with a total value of £249,320 ($313,334.17). Company insiders own 31.60% of the company’s stock.

About THG

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.