THG (LON:THG) Trading Down 11.2% – Here’s What Happened

THG Plc (LON:THG) shares were down 11.2% during mid-day trading on Wednesday . The stock 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 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 research analysts recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of THG in a research note on Thursday, December 5th. 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.

THG Price Performance

The firm has a market capitalization of £731.34 million, a price-to-earnings ratio of -281.18, a PEG ratio of -0.08 and a beta of 2.40. The stock’s 50-day moving average price is GBX 45.99 and its 200 day moving average price is GBX 56.31. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 111.80.

Insiders Place Their Bets

In other news, insider Charles Allen bought 542,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were bought at an average cost of GBX 46 ($0.58) per share, for a total transaction of £249,320 ($313,452.35). Also, insider Damian Sanders purchased 153,061 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average cost of GBX 49 ($0.62) per share, with a total value of £74,999.89 ($94,292.04). Corporate 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.