THG (LON:THG) Shares Down 6.4%

THG Plc (LON:THG) shares dropped 6.4% during mid-day trading on Tuesday . The company traded as low as GBX 59.95 ($0.79) and last traded at GBX 60.15 ($0.79). Approximately 9,906,841 shares changed hands during mid-day trading, an increase of 219% from the average daily volume of 3,108,830 shares. The stock had previously closed at GBX 64.25 ($0.85).

Analyst Ratings Changes

A number of brokerages have commented on THG. JPMorgan Chase & Co. lifted their target price on shares of THG from GBX 48 ($0.63) to GBX 49 ($0.65) and gave the stock an “underweight” rating in a research note on Friday, July 12th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 105 ($1.39) price target on shares of THG in a research report on Monday, June 24th.

THG Stock Performance

The firm’s fifty day moving average is GBX 62.58 and its 200-day moving average is GBX 64.23. The company has a current ratio of 1.30, a quick ratio of 0.89 and a debt-to-equity ratio of 97.39. The stock has a market capitalization of £781.38 million, a PE ratio of -338.16, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40.

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 pure-play sites, such as Lookfantastic, Cult Beauty, and Dermstore that offers approximately 1,300 premium brands across the skincare, haircare, cosmetics, and fragrance categories; Myprotein, a direct-to-consumer sports nutrition provider that offers products across various categories, including vegan alternatives, health snacks, vitamins and athleisure; and THG Ingenuity, an end-to-end platform that powers digital experience and retail for FMCG, beauty, and retail brands.