THG (LON:THG) Reaches New 52-Week Low – Here’s What Happened

THG Plc (LON:THG) shares reached a new 52-week low on Tuesday . The company traded as low as GBX 40.38 ($0.51) and last traded at GBX 40.60 ($0.51), with a volume of 504318 shares traded. The stock had previously closed at GBX 41.04 ($0.52).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut their price objective on shares of THG from GBX 66 ($0.84) to GBX 53 ($0.67) and set a “hold” rating for the company in a report on Thursday, September 26th.

THG Price Performance

The firm has a market cap of £607.41 million, a price-to-earnings ratio of -234.71, 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 company’s 50-day moving average is GBX 49.31 and its 200-day moving average is GBX 59.64.

Insider Buying and Selling at THG

In other news, insider Charles Allen purchased 542,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was bought at an average cost of GBX 46 ($0.58) per share, for a total transaction of £249,320 ($315,475.14). Also, insider Damian Sanders acquired 153,061 shares of THG stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average price of GBX 49 ($0.62) per share, for a total transaction of £74,999.89 ($94,900.53). 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.