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

Shares of THG Plc (LON:THG) fell 11.2% during trading on Wednesday . The company traded as low as GBX 47.76 ($0.60) and last traded at GBX 47.80 ($0.60). 4,923,972 shares changed 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).

Analyst Upgrades and Downgrades

Several research firms recently weighed in on THG. JPMorgan Chase & Co. restated an “underweight” rating on shares of THG in a report on Thursday, December 5th. Canaccord Genuity Group reduced their price objective on THG from GBX 66 ($0.83) to GBX 53 ($0.67) and set a “hold” rating on the stock in a research note on Thursday, September 26th.

THG Price Performance

The company has a market cap of £682.38 million, a PE ratio of -262.35, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40. The business’s 50 day moving average price is GBX 45.78 and its 200-day moving average price is GBX 56.06. 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 THG news, insider Damian Sanders acquired 153,061 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average price of GBX 49 ($0.62) per share, for a total transaction of £74,999.89 ($94,256.49). Also, insider Charles Allen bought 542,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was acquired at an average cost of GBX 46 ($0.58) per share, for a total transaction of £249,320 ($313,334.17). 31.60% of the stock is owned by company insiders.

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.