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THG (LON:THG) Stock Price Down 11.2% - Here's What Happened

THG logo with Consumer Cyclical background

THG Plc (LON:THG - Get Free Report) shares dropped 11.2% 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).

Analyst Ratings Changes

THG has been the subject of several recent research reports. Canaccord Genuity Group dropped 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 report on Thursday, September 26th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of THG in a report on Thursday, December 5th.

Read Our Latest Research Report on THG

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 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 50 day simple moving average of GBX 45.99 and a 200-day simple moving average of GBX 56.31.

Insider Activity at THG

In related news, insider Charles Allen acquired 542,000 shares of the firm's stock in a transaction dated Wednesday, October 30th. The stock was bought at an average price of GBX 46 ($0.58) per share, for a total transaction of £249,320 ($313,452.35). Also, insider Damian Sanders bought 153,061 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were bought 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.

THG Company Profile

(Get Free Report)

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.

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