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

THG Plc (LON:THG) shares were down 11.2% on Wednesday . The company 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).

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Canaccord Genuity Group lowered their target price on shares of 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. reiterated an “underweight” rating on shares of THG in a research note on Thursday, December 5th.

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 P/E ratio of -281.18, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40. The business’s 50 day simple moving average is GBX 46.10 and its two-hundred day simple moving average is GBX 56.37.

Insider Activity at THG

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

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.