THG (LON:THG) Stock Price Down 11.2% – Here’s Why

Shares of THG Plc (LON:THG) fell 11.2% during mid-day trading on Thursday . The stock traded as low as GBX 47.76 ($0.60) and last traded at GBX 47.80 ($0.60). 4,923,972 shares were traded during trading, an increase of 39% from the average session volume of 3,545,230 shares. The stock had previously closed at GBX 53.80 ($0.68).

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on THG shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of THG in a research report on Thursday, December 5th. Canaccord Genuity Group lowered their price target 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 Stock Performance

The company has a market cap of £678.40 million, a PE ratio of -260.82, a P/E/G ratio of -0.08 and a beta of 2.40. The stock’s 50 day simple moving average is GBX 45.99 and its two-hundred day simple moving average 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.

Insider Buying and Selling

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