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

THG Plc (LON:THG) traded down 11.2% on Wednesday . The stock traded as low as GBX 47.76 ($0.60) and last traded at GBX 47.80 ($0.60). 4,923,972 shares were traded during 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).

Analysts Set New Price Targets

A number of research analysts have recently issued reports on THG shares. Canaccord Genuity Group cut their target price on shares of 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. JPMorgan Chase & Co. restated an “underweight” rating on shares of THG in a research report on Thursday, December 5th.

THG Trading Up 1.6 %

The company has a market capitalization 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. 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 company’s fifty day simple moving average is GBX 45.78 and its two-hundred day simple moving average is GBX 56.06.

Insiders Place Their Bets

In related news, insider Charles Allen bought 542,000 shares of THG stock in a transaction that occurred 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 ($313,334.17). Also, insider Damian Sanders bought 153,061 shares of the 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). Corporate 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.