THG (LON:THG) Trading Down 11% – Here’s Why

Shares of THG Plc (LON:THG) were down 11% on Wednesday . The company traded as low as GBX 47.76 ($0.61) and last traded at GBX 47.89 ($0.61). Approximately 4,408,139 shares changed hands during trading, an increase of 24% from the average daily volume of 3,543,142 shares. The stock had previously closed at GBX 53.80 ($0.68).

Wall Street Analysts Forecast Growth

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

THG Stock Performance

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 50 day moving average is GBX 46.10 and its 200 day moving average is GBX 56.37. The stock has a market capitalization of £731.34 million, a price-to-earnings ratio of -316.47, a PEG ratio of -0.08 and a beta of 2.40.

Insider Activity

In other news, insider Damian Sanders acquired 153,061 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was acquired at an average price of GBX 49 ($0.62) per share, with a total value of £74,999.89 ($95,346.92). Also, insider Charles Allen bought 542,000 shares of the stock in a transaction on 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 ($316,959.06). Company 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.