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

Shares of THG Plc (LON:THG) were down 11.2% during trading on Wednesday . The company traded as low as GBX 47.76 ($0.61) and last traded at GBX 47.80 ($0.61). Approximately 4,923,972 shares traded hands during mid-day 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).

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group reduced their price objective 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 note on Thursday, September 26th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of THG in a report on Thursday, December 5th.

THG Price Performance

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 company has a market cap of £731.34 million, a price-to-earnings ratio of -281.18, a PEG ratio of -0.08 and a beta of 2.40. The business has a fifty day moving average price of GBX 46.10 and a 200 day moving average price of GBX 56.37.

Insider Buying and Selling at THG

In other news, insider Charles Allen bought 542,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was acquired at an average price of GBX 46 ($0.58) per share, with a total value of £249,320 ($316,959.06). Also, insider Damian Sanders bought 153,061 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was purchased at an average price of GBX 49 ($0.62) per share, with a total value of £74,999.89 ($95,346.92). Company 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.