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

Shares of THG Plc (LON:THG) dropped 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). Approximately 4,923,972 shares changed hands 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 Analysts Forecast Growth

Several research firms have weighed in on THG. JPMorgan Chase & Co. reissued an “underweight” rating on shares of THG in a research note on Thursday, December 5th. Canaccord Genuity Group lowered 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 research note on Thursday, September 26th.

THG Stock Down 11.2 %

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

Insider Activity

In other THG news, insider Charles Allen bought 542,000 shares of THG stock in a transaction dated Wednesday, October 30th. The shares were purchased at an average cost 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 company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average cost of GBX 49 ($0.62) per share, with a total value of £74,999.89 ($94,292.04). 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.