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

THG Plc (LON:THG) shares 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 were traded during mid-day 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 Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Canaccord Genuity Group lowered their target price 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. JPMorgan Chase & Co. reissued an “underweight” rating on shares of THG in a report on Thursday, December 5th.

THG Stock Up 1.6 %

The firm’s 50-day simple moving average is GBX 45.78 and its 200 day simple moving average is GBX 56.06. 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 company has a market cap of £682.38 million, a P/E ratio of -262.35, a PEG ratio of -0.08 and a beta of 2.40.

Insider Activity at THG

In other news, insider Damian Sanders purchased 153,061 shares of THG stock in a transaction dated Tuesday, October 15th. The shares were bought at an average cost of GBX 49 ($0.62) per share, with a total value of £74,999.89 ($94,256.49). Also, insider Charles Allen purchased 542,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was purchased at an average cost of GBX 46 ($0.58) per share, with a total value of £249,320 ($313,334.17). 31.60% of the stock is currently owned by corporate insiders.

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.