THG (LON:THG) Trading Down 11.2% – Time to Sell?

THG Plc (LON:THG) shares were down 11.2% during mid-day 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 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).

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on THG. 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. JPMorgan Chase & Co. reissued an “underweight” rating on shares of THG in a research report on Thursday, December 5th.

THG Stock Performance

The business has a 50 day moving average of GBX 45.99 and a 200-day moving average of GBX 56.31. The company has a market capitalization of £676.84 million, a P/E ratio of -260.22, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40. The company has a debt-to-equity ratio of 111.80, a quick ratio of 0.89 and a current ratio of 1.25.

Insider Buying and Selling at THG

In other THG news, insider Charles Allen bought 542,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were acquired at an average cost of GBX 46 ($0.58) per share, for a total transaction of £249,320 ($313,452.35). Also, insider Damian Sanders purchased 153,061 shares of the stock in a transaction on Tuesday, October 15th. The stock was acquired at an average cost of GBX 49 ($0.62) per share, for a total transaction of £74,999.89 ($94,292.04). 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.