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

Shares of THG Plc (LON:THG) traded down 11.2% during mid-day trading 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 were traded during mid-day trading, an increase of 39% from the average session volume of 3,545,230 shares. The stock had previously closed at GBX 53.80 ($0.68).

Analysts Set New Price Targets

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

THG Stock Up 1.6 %

The stock has a market capitalization of £682.38 million, a price-to-earnings ratio of -262.35, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40. The firm has a 50 day simple moving average of GBX 45.78 and a 200-day simple moving average of GBX 56.06. The company has a debt-to-equity ratio of 111.80, a current ratio of 1.25 and a quick ratio of 0.89.

Insider Buying and Selling

In other THG news, insider Damian Sanders purchased 153,061 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average cost of GBX 49 ($0.62) per share, for a total transaction of £74,999.89 ($94,256.49). Also, insider Charles Allen acquired 542,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was acquired at an average price of GBX 46 ($0.58) per share, with a total value of £249,320 ($313,334.17). 31.60% of the stock is currently owned by corporate 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.