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

THG Plc (LON:THG) shares fell 11.2% during trading on Wednesday . 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).

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on THG. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of THG in a research note on Thursday, December 5th. Canaccord Genuity Group decreased 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 debt-to-equity ratio of 111.80, a current ratio of 1.25 and a quick ratio of 0.89. The company has a market cap of £682.38 million, a PE ratio of -262.35, a PEG ratio of -0.08 and a beta of 2.40. The stock has a 50 day simple moving average of GBX 45.78 and a two-hundred day simple moving average of GBX 56.06.

Insider Activity

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