THG (LON:THG) Reaches New 1-Year Low – Here’s Why

THG Plc (LON:THG) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 41.08 ($0.53) and last traded at GBX 41.20 ($0.53), with a volume of 2787712 shares. The stock had previously closed at GBX 42.50 ($0.55).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their target price on shares of THG from GBX 66 ($0.85) to GBX 53 ($0.68) and set a “hold” rating for the company in a report on Thursday, September 26th.

THG Stock Performance

The firm has a market cap of £649.97 million, a PE ratio of -243.76, a PEG ratio of -0.08 and a beta of 2.40. The company has a 50-day simple moving average of GBX 51.85 and a two-hundred day simple moving average of GBX 60.70. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 111.80.

Insider Buying and Selling

In related news, insider Damian Sanders acquired 153,061 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average price of GBX 49 ($0.63) per share, for a total transaction of £74,999.89 ($96,512.53). In other news, insider Charles Allen purchased 542,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was bought at an average price of GBX 46 ($0.59) per share, for a total transaction of £249,320 ($320,833.87). Also, insider Damian Sanders acquired 153,061 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of GBX 49 ($0.63) per share, for a total transaction of £74,999.89 ($96,512.53). 31.60% of the stock is owned by insiders.

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.