THG (LON:THG) Sets New 52-Week Low – Here’s What Happened

THG Plc (LON:THG)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 40.38 ($0.51) and last traded at GBX 40.60 ($0.51), with a volume of 504318 shares. The stock had previously closed at GBX 41.04 ($0.52).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their target price on THG from GBX 66 ($0.84) to GBX 53 ($0.67) and set a “hold” rating on the stock in a research report on Thursday, September 26th.

THG Stock Down 0.8 %

The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 111.80. The business has a fifty day simple moving average of GBX 50 and a two-hundred day simple moving average of GBX 59.94. The company has a market capitalization of £622.71 million, a price-to-earnings ratio of -241.41, a P/E/G ratio of -0.08 and a beta of 2.40.

Insider Buying and Selling at THG

In other THG news, insider Charles Allen bought 542,000 shares of THG stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of GBX 46 ($0.58) per share, with a total value of £249,320 ($316,034.99). Also, insider Damian Sanders acquired 153,061 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average price of GBX 49 ($0.62) per share, with a total value of £74,999.89 ($95,068.94). Company 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.