THG (LON:THG) Reaches New 52-Week Low – Should You Sell?

THG Plc (LON:THG) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 38.50 ($0.47) and last traded at GBX 45.82 ($0.56), with a volume of 1311323 shares trading hands. The stock had previously closed at GBX 45.36 ($0.56).

Analyst Ratings Changes

THG has been the topic of a number of recent research reports. Canaccord Genuity Group reduced their price objective on THG from GBX 66 ($0.81) to GBX 53 ($0.65) and set a “hold” rating on the stock in a research note on Thursday, September 26th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of THG in a research note on Thursday, December 5th.

THG Stock Performance

The firm has a market cap of £659.12 million, a P/E ratio of -253.41, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40. The business’s fifty day simple moving average is GBX 45.20 and its 200-day simple moving average is GBX 53.90. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 111.80.

Insider Buying and Selling

In related news, insider Damian Sanders bought 153,061 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average cost of GBX 49 ($0.60) per share, with a total value of £74,999.89 ($92,284.84). Also, insider Charles Allen purchased 542,000 shares of THG stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average price of GBX 46 ($0.57) per share, for a total transaction of £249,320 ($306,779.87). 31.60% of the stock is owned by insiders.

About THG

THG (www.thg.com) is a global innovator revolutionising how brands connect to a worldwide consumer base. We are transforming how consumer brands go to market in the digital age.

We have built a portfolio of leading digital beauty, health, wellness, and sports nutrition brands that are capitalising on the global growth opportunities, supported by the accelerating consumer shift to the e-commerce channel.

THG is home to three key divisions: Beauty, Nutrition, and Ingenuity.