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

Shares of THG Plc (LON:THG) fell 11.2% on Wednesday . The stock traded as low as GBX 47.76 ($0.60) and last traded at GBX 47.80 ($0.60). 4,923,972 shares traded hands during mid-day trading, an increase of 39% from the average session volume of 3,545,230 shares. The stock had previously closed at GBX 53.80 ($0.68).

Wall Street Analysts Forecast Growth

THG has been the subject of a number of recent analyst reports. Canaccord Genuity Group lowered their price target on shares of THG from GBX 66 ($0.83) to GBX 53 ($0.67) and set a “hold” rating for the company in a report on Thursday, September 26th. JPMorgan Chase & Co. restated an “underweight” rating on shares of THG in a research note on Thursday, December 5th.

THG Stock Performance

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 capitalization of £682.38 million, a PE 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.

Insider Activity at THG

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