THG (LON:THG) Shares Down 1.3% – Time to Sell?

THG Plc (LON:THG) shares dropped 1.3% during mid-day trading on Thursday. The stock traded as low as GBX 39.98 and last traded at GBX 39.98. Approximately 5,958,474 shares were traded during trading, a decline of 52% from the average daily volume of 12,514,535 shares. The stock had previously closed at GBX 40.50.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 60 price target on shares of THG in a report on Thursday, October 15th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 57.50.

THG Stock Performance

The stock’s 50 day moving average is GBX 31.98 and its two-hundred day moving average is GBX 32.69. The firm has a market capitalization of £630.93 million, a P/E ratio of -7.95, a P/E/G ratio of -0.08 and a beta of 2.49. The company has a debt-to-equity ratio of 145.47, a current ratio of 0.89 and a quick ratio of 0.89.

THG (LON:THG) last released its earnings results on Thursday, September 10th. The company reported GBX (3) EPS for the quarter. THG had a negative return on equity of 16.03% and a negative net margin of 3.73%. As a group, equities analysts anticipate that THG Plc will post -6.72 earnings per share for the current fiscal year.

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. 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.