THG (LON:THG) Shares Down 11.2% – Should You Sell?

Shares of THG Plc (LON:THG) traded down 11.2% during trading on Wednesday . The stock traded as low as GBX 47.76 ($0.61) and last traded at GBX 47.80 ($0.61). 4,923,972 shares traded hands during mid-day 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).

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Canaccord Genuity Group decreased their price objective on shares of THG from GBX 66 ($0.84) to GBX 53 ($0.67) and set a “hold” rating on the stock in a report on Thursday, September 26th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of THG in a report on Thursday, December 5th.

THG Stock Performance

The company has a debt-to-equity ratio of 111.80, a quick ratio of 0.89 and a current ratio of 1.25. The stock’s 50-day simple moving average is GBX 46.10 and its 200 day simple moving average is GBX 56.37. The company has a market capitalization of £731.34 million, a PE ratio of -281.18, a P/E/G ratio of -0.08 and a beta of 2.40.

Insider Buying and Selling

In related news, insider Charles Allen acquired 542,000 shares of THG 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, for a total transaction of £249,320 ($316,959.06). Also, insider Damian Sanders acquired 153,061 shares of THG 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 ($95,346.92). 31.60% of the stock is owned by company insiders.

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.