THG (LON:THG) Trading Down 11.2% – Here’s Why

THG Plc (LON:THG) traded down 11.2% during mid-day trading on Wednesday . The company traded as low as GBX 47.76 ($0.60) and last traded at GBX 47.80 ($0.60). 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 Ratings Changes

Several equities analysts have recently commented on THG shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of THG in a report on Thursday, December 5th. Canaccord Genuity Group lowered their price objective 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 company has a debt-to-equity ratio of 111.80, a quick ratio of 0.89 and a current ratio of 1.25. The stock has a market capitalization 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 business’s 50 day simple moving average is GBX 45.78 and its 200-day simple moving average is GBX 56.06.

Insider Activity

In other news, insider Charles Allen bought 542,000 shares of the business’s 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). Also, insider Damian Sanders purchased 153,061 shares of the stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average price of GBX 49 ($0.62) per share, for a total transaction of £74,999.89 ($94,256.49). 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.