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

THG Plc (LON:THG)’s share price was down 11.2% during trading on Thursday . The stock traded as low as GBX 47.76 ($0.60) and last traded at GBX 47.80 ($0.60). Approximately 4,923,972 shares traded hands during 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).

Analysts Set New Price Targets

Several equities research analysts have recently commented on THG shares. JPMorgan Chase & Co. restated an “underweight” rating on shares of THG in a research note on Thursday, December 5th. Canaccord Genuity Group cut their price target on THG from GBX 66 ($0.83) to GBX 53 ($0.67) and set a “hold” rating for the company in a research note on Thursday, September 26th.

THG Price Performance

The stock has a fifty day moving average of GBX 45.78 and a two-hundred day moving average of GBX 56.06. The stock has a market cap of £682.38 million, a price-to-earnings ratio of -262.35, a price-to-earnings-growth 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.

Insider Buying and Selling

In other news, insider Damian Sanders bought 153,061 shares of the stock in a transaction on Tuesday, October 15th. The shares were bought at an average price of GBX 49 ($0.62) per share, with a total value of £74,999.89 ($94,256.49). Also, insider Charles Allen bought 542,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was purchased at an average cost of GBX 46 ($0.58) per share, for a total transaction of £249,320 ($313,334.17). 31.60% of the stock is currently owned by corporate insiders.

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.