THG (LON:THG) Shares Down 11.2% – Should You Sell?

THG Plc (LON:THG) shares dropped 11.2% during mid-day trading on Wednesday . The stock traded as low as GBX 47.76 ($0.61) and last traded at GBX 47.80 ($0.61). Approximately 4,923,972 shares were traded 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).

Analysts Set New Price Targets

THG has been the subject of several research reports. Canaccord Genuity Group decreased 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 research note on Thursday, September 26th. JPMorgan Chase & Co. restated an “underweight” rating on shares of THG in a research note on Thursday, December 5th.

THG Stock Performance

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

Insider Buying and Selling

In other THG news, insider Damian Sanders acquired 153,061 shares of THG stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price of GBX 49 ($0.62) per share, for a total transaction of £74,999.89 ($95,346.92). Also, insider Charles Allen acquired 542,000 shares of THG stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average price of GBX 46 ($0.58) per share, with a total value of £249,320 ($316,959.06). 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.