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

THG Plc (LON:THG)’s share price fell 11.2% on Thursday . The stock traded as low as GBX 47.76 ($0.60) and last traded at GBX 47.80 ($0.60). 4,923,972 shares traded hands during mid-day 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).

Analyst Upgrades and Downgrades

Several research firms have weighed in on THG. Canaccord Genuity Group lowered their target price on THG from GBX 66 ($0.83) to GBX 53 ($0.67) and set a “hold” rating on the stock in a report on Thursday, September 26th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of THG in a research report on Thursday, December 5th.

THG Stock Up 1.6 %

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 firm has a market cap of £682.38 million, a PE ratio of -262.35, a P/E/G ratio of -0.08 and a beta of 2.40. The firm’s 50 day moving average is GBX 45.78 and its 200-day moving average is GBX 56.06.

Insider Activity at THG

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

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.