THG (LON:THG) Sets New 52-Week Low – Here’s What Happened

THG Plc (LON:THG) shares reached a new 52-week low on Tuesday . The stock traded as low as GBX 40.38 ($0.51) and last traded at GBX 40.60 ($0.51), with a volume of 504318 shares traded. The stock had previously closed at GBX 41.04 ($0.52).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their price objective on THG from GBX 66 ($0.84) to GBX 53 ($0.67) and set a “hold” rating for the company in a research note on Thursday, September 26th.

THG Trading Down 0.8 %

The stock has a market cap of £622.71 million, a price-to-earnings ratio of -241.41, a PEG ratio of -0.08 and a beta of 2.40. 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 business has a 50-day moving average of GBX 50 and a 200-day moving average of GBX 59.94.

Insider Activity at THG

In related news, insider Damian Sanders bought 153,061 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were bought at an average cost of GBX 49 ($0.62) per share, for a total transaction of £74,999.89 ($95,068.94). Also, insider Charles Allen bought 542,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were bought at an average price of GBX 46 ($0.58) per share, for a total transaction of £249,320 ($316,034.99). Insiders own 31.60% of the company’s stock.

THG Company Profile

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.