THG (LON:THG) Stock Price Down 11.2% – Should You Sell?

THG Plc (LON:THG) shares dropped 11.2% during trading on Wednesday . The stock traded as low as GBX 47.76 ($0.61) and last traded at GBX 47.80 ($0.61). Approximately 4,923,972 shares changed 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).

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on THG. Canaccord Genuity Group dropped their price objective on THG from GBX 66 ($0.84) 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 report on Thursday, December 5th.

THG Stock Performance

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 stock has a market capitalization 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 firm has a fifty day moving average of GBX 46.10 and a 200-day moving average of GBX 56.37.

Insider Transactions at THG

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