THG (LON:THG) Trading Down 14.2% – Here’s Why

THG Plc (LON:THG)’s share price was down 14.2% during trading on Thursday . The stock traded as low as GBX 26.70 and last traded at GBX 27.20. 77,661,336 shares traded hands during mid-day trading, an increase of 615% from the average session volume of 10,868,375 shares. The stock had previously closed at GBX 31.70.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 60 target price on shares of THG in a research report on Monday, August 10th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 57.50.

THG Stock Performance

The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 131.97. The stock has a market capitalization of £431.54 million, a P/E ratio of 6.80, a PEG ratio of -0.08 and a beta of 2.47. The company has a 50-day moving average price of GBX 32.11 and a two-hundred day moving average price of GBX 32.20.

THG (LON:THG) last announced its quarterly earnings results on Thursday, September 10th. The company reported GBX (3) EPS for the quarter. THG had a net margin of 3.15% and a return on equity of 12.75%. Equities analysts expect that THG Plc will post -6.7170435 earnings per share for the current year.

THG Company Profile

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. All brands, whether in-house or third parties are powered by our complete commerce division Ingenuity, which is a flexible and scalable offering formed of a combination of complex e-commerce technologies, physical assets, infrastructure, and brand building capabilities.

THG Beauty is home to leading online pure-play retailers for prestige beauty products and brings together global online multi-brand retail subscription boxes, owned prestige brands along with production and innovation.