THG (LON:THG) Hits New 52-Week Low – Here’s Why

THG Plc (LON:THG) hit a new 52-week low on Thursday . The stock traded as low as GBX 44 ($0.57) and last traded at GBX 45.12 ($0.59), with a volume of 486817 shares. The stock had previously closed at GBX 45 ($0.59).

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on THG from GBX 48 ($0.62) to GBX 49 ($0.64) and gave the stock an “underweight” rating in a report on Friday, July 12th. Canaccord Genuity Group lowered their price target on THG from GBX 66 ($0.86) to GBX 53 ($0.69) and set a “hold” rating for the company in a report on Thursday, September 26th.

THG Stock Performance

The stock has a market capitalization of £653.00 million, a PE ratio of -253.29, a PEG 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 firm has a 50 day moving average price of GBX 52.54 and a 200-day moving average price of GBX 61.04.

Insider Transactions at THG

In other news, insider Charles Allen acquired 542,000 shares of THG stock in a transaction dated Wednesday, October 30th. The stock was purchased at an average cost of GBX 46 ($0.60) per share, for a total transaction of £249,320 ($324,550.90). In related news, insider Damian Sanders purchased 153,061 shares of THG stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of GBX 49 ($0.64) per share, for a total transaction of £74,999.89 ($97,630.68). Also, insider Charles Allen purchased 542,000 shares of THG stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average price of GBX 46 ($0.60) per share, with a total value of £249,320 ($324,550.90). Company 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.