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

Shares of THG Plc (LON:THG) were down 11.2% 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 daily volume of 3,545,230 shares. The stock had previously closed at GBX 53.80 ($0.68).

Analyst Upgrades and Downgrades

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

THG Trading Up 1.6 %

The business has a fifty day moving average price of GBX 45.78 and a 200 day moving average price of GBX 56.06. The company 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 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 at THG

In other news, insider Charles Allen acquired 542,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of GBX 46 ($0.58) per share, for a total transaction of £249,320 ($313,334.17). Also, insider Damian Sanders purchased 153,061 shares of the stock in a transaction on Tuesday, October 15th. The stock was acquired at an average cost of GBX 49 ($0.62) per share, for a total transaction of £74,999.89 ($94,256.49). Insiders own 31.60% of the company’s stock.

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.