THG (LON:THG) Shares Down 11.2% – Should You Sell?

THG Plc (LON:THG)’s stock price dropped 11.2% during trading on Wednesday . The company traded as low as GBX 47.76 ($0.60) and last traded at GBX 47.80 ($0.60). Approximately 4,923,972 shares changed 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).

Analyst Ratings Changes

THG has been the subject of several recent analyst reports. Canaccord Genuity Group lowered their target price on shares of 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 Trading Down 11.2 %

The stock 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. The company has a debt-to-equity ratio of 111.80, a current ratio of 1.25 and a quick ratio of 0.89. The company’s fifty day moving average price is GBX 45.99 and its 200-day moving average price is GBX 56.31.

Insiders Place Their Bets

In other news, insider Charles Allen acquired 542,000 shares of THG stock in a transaction dated 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 ($313,452.35). Also, insider Damian Sanders purchased 153,061 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average price of GBX 49 ($0.62) per share, for a total transaction of £74,999.89 ($94,292.04). 31.60% of the stock is owned by 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.