THG (LON:THG) Shares Down 7.6% – Here’s What Happened

THG Plc (LON:THG)’s stock price fell 7.6% on Monday . The company traded as low as GBX 33.50 ($0.43) and last traded at GBX 34 ($0.44). 10,864,285 shares changed hands during mid-day trading, an increase of 23% from the average session volume of 8,831,288 shares. The stock had previously closed at GBX 36.78 ($0.47).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price target on shares of THG from GBX 49 ($0.63) to GBX 45 ($0.58) and set an “underweight” rating for the company in a research note on Tuesday.

THG Stock Down 2.6 %

The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 75.19. The company has a fifty day simple moving average of GBX 37.60 and a 200 day simple moving average of GBX 44.39. The firm has a market capitalization of £462.65 million, a P/E ratio of -1.97, a P/E/G ratio of -0.08 and a beta of 2.40.

THG Company Profile

THG (www.thg.com) is a global innovator revolutionising how brands connect to a worldwide consumer base. We are transforming how consumer brands go to market in the digital age.

We have built a portfolio of leading digital beauty, health, wellness, and sports nutrition brands that are capitalising on the global growth opportunities, supported by the accelerating consumer shift to the e-commerce channel.

THG is home to three key divisions: Beauty, Nutrition, and Ingenuity.