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

Shares of THG Plc (LON:THG) fell 11.2% during mid-day trading 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 changed hands during 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).

Analysts Set New Price Targets

Several analysts recently weighed in 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 cut their target price 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.

THG Price Performance

The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 111.80. The business’s 50-day simple moving average is GBX 46.10 and its two-hundred day simple moving average is GBX 56.37. The firm has a market cap of £731.34 million, a price-to-earnings ratio of -281.18, a P/E/G ratio of -0.08 and a beta of 2.40.

Insider Transactions at THG

In other THG news, insider Charles Allen bought 542,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were bought 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 bought 153,061 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average cost of GBX 49 ($0.62) per share, with a total value of £74,999.89 ($95,346.92). 31.60% of the stock is currently owned by corporate insiders.

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.