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

THG Plc (LON:THG)’s share price was down 11.2% during trading on Thursday . 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 Ratings Changes

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

THG Stock Performance

The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 111.80. The business has a 50 day moving average price of GBX 45.78 and a 200 day moving average price of GBX 56.06. The stock has a market cap of £682.38 million, a P/E ratio of -262.35, a PEG ratio of -0.08 and a beta of 2.40.

Insider Activity at THG

In related news, insider Charles Allen acquired 542,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was bought at an average price of GBX 46 ($0.58) per share, for a total transaction of £249,320 ($313,334.17). 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, with a total value of £74,999.89 ($94,256.49). 31.60% of the stock is owned by company 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.