THG (LON:THG) Reaches New 12-Month Low – Here’s Why

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on THG shares. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of THG in a research note on Thursday, December 5th. Canaccord Genuity Group lowered their target price on shares of THG from GBX 66 ($0.81) to GBX 53 ($0.65) and set a “hold” rating on the stock in a report on Thursday, September 26th.

THG Stock Performance

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

Insider Buying and Selling at THG

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

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.