THG (LON:THG) Stock Price Down 11.2% – What’s Next?

THG Plc (LON:THG)’s stock price traded down 11.2% on Wednesday . The stock traded as low as GBX 47.76 ($0.61) and last traded at GBX 47.80 ($0.61). 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 analysts recently issued reports on THG shares. JPMorgan Chase & Co. reissued an “underweight” rating on shares of THG in a research note on Thursday, December 5th. Canaccord Genuity Group reduced their target price on THG from GBX 66 ($0.84) to GBX 53 ($0.67) and set a “hold” rating for the company in a research note on Thursday, September 26th.

THG Trading Down 11.2 %

The business has a fifty day moving average of GBX 46.10 and a 200-day moving average of GBX 56.37. 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 capitalization of £731.34 million, a P/E ratio of -281.18, a PEG ratio of -0.08 and a beta of 2.40.

Insiders Place Their Bets

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