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

THG Plc (LON:THG)’s share price dropped 11.2% 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).

Analysts Set New Price Targets

THG has been the subject of several recent analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of THG in a report on Thursday, December 5th. Canaccord Genuity Group dropped their price target 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.

THG Trading Up 1.6 %

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 firm has a market cap of £682.38 million, a price-to-earnings ratio of -262.35, a P/E/G ratio of -0.08 and a beta of 2.40. The company’s 50-day moving average is GBX 45.84 and its 200-day moving average is GBX 56.23.

Insider Activity at THG

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