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

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 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

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. restated an “underweight” rating on shares of THG in a report on Thursday, December 5th. Canaccord Genuity Group cut their price objective on THG from GBX 66 ($0.83) to GBX 53 ($0.67) and set a “hold” rating on the stock in a report on Thursday, September 26th.

THG Trading Up 1.6 %

The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 111.80. The firm has a market cap of £682.38 million, a price-to-earnings ratio of -262.35, a PEG ratio of -0.08 and a beta of 2.40. The company has a 50-day moving average price of GBX 45.78 and a 200 day moving average price of GBX 56.06.

Insiders Place Their Bets

In related news, insider Damian Sanders purchased 153,061 shares of the stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average cost of GBX 49 ($0.62) per share, for a total transaction of £74,999.89 ($94,256.49). Also, insider Charles Allen acquired 542,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased at an average price of GBX 46 ($0.58) per share, with a total value of £249,320 ($313,334.17). 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.