THG (LON:THG) Sets New 1-Year Low – What’s Next?

THG Plc (LON:THG)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as GBX 38.50 ($0.48) and last traded at GBX 45.82 ($0.57), with a volume of 1311323 shares trading hands. The stock had previously closed at GBX 45.36 ($0.57).

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on THG shares. Canaccord Genuity Group cut their target price on shares of THG from GBX 66 ($0.82) to GBX 53 ($0.66) and set a “hold” rating on the stock in a research note 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 quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 111.80. The business’s 50 day simple moving average is GBX 45.30 and its two-hundred day simple moving average is GBX 54.04. The stock has a market capitalization of £681.77 million, a P/E ratio of -262.12, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40.

Insider Activity at THG

In other news, insider Charles Allen acquired 542,000 shares of THG stock in a transaction on Wednesday, October 30th. The stock was acquired at an average cost of GBX 46 ($0.57) per share, with a total value of £249,320 ($311,027.94). Also, insider Damian Sanders acquired 153,061 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was purchased at an average price of GBX 49 ($0.61) per share, with a total value of £74,999.89 ($93,562.74). 31.60% of the stock is owned by insiders.

About THG

THG (www.thg.com) is a global innovator revolutionising how brands connect to a worldwide consumer base. We are transforming how consumer brands go to market in the digital age.

We have built a portfolio of leading digital beauty, health, wellness, and sports nutrition brands that are capitalising on the global growth opportunities, supported by the accelerating consumer shift to the e-commerce channel.

THG is home to three key divisions: Beauty, Nutrition, and Ingenuity.