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

THG Plc (LON:THG) dropped 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). Approximately 4,923,972 shares traded 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).

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on THG shares. Canaccord Genuity Group reduced 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 report on Thursday, September 26th. JPMorgan Chase & Co. restated an “underweight” rating on shares of THG in a research note on Thursday, December 5th.

THG Price 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 company has a 50-day simple moving average of GBX 45.78 and a two-hundred day simple moving average of GBX 56.06. The stock has a market cap of £682.38 million, a price-to-earnings ratio of -262.35, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40.

Insider Transactions at THG

In related news, insider Damian Sanders bought 153,061 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were purchased at an average price of GBX 49 ($0.62) per share, with a total value of £74,999.89 ($94,256.49). Also, insider Charles Allen acquired 542,000 shares of the stock in a transaction dated Wednesday, October 30th. The stock was purchased at an average cost of GBX 46 ($0.58) per share, with a total value of £249,320 ($313,334.17). 31.60% of the stock is owned by corporate 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.