THG (LON:THG) Trading Down 11.2% – Time to Sell?

THG Plc (LON:THG)’s stock price dropped 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 traded hands during 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).

Wall Street Analyst Weigh In

Several analysts have recently issued reports on THG shares. Canaccord Genuity Group dropped their target price on shares of 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. restated an “underweight” rating on shares of THG in a research report on Thursday, December 5th.

THG Trading Up 1.6 %

The stock has a market capitalization of £682.38 million, a PE ratio of -262.35, a P/E/G ratio of -0.08 and a beta of 2.40. The company’s 50 day moving average price is GBX 45.78 and its two-hundred day moving average price is 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.

Insiders Place Their Bets

In other THG news, insider Damian Sanders acquired 153,061 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased 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 purchased 542,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average price of GBX 46 ($0.58) per share, with a total value of £249,320 ($313,334.17). Corporate insiders own 31.60% of the company’s stock.

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.