THG (LON:THG) Trading Up 0.7% – What’s Next?

THG Plc (LON:THG) was up 0.7% during mid-day trading on Tuesday . The stock traded as high as GBX 31.04 and last traded at GBX 30.64. Approximately 1,334,697 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 8,001,313 shares. The stock had previously closed at GBX 30.44.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of THG in a report on Monday, January 19th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, THG presently has an average rating of “Moderate Buy” and a consensus price target of GBX 55.

THG Stock Up 0.7%

The company’s 50 day simple moving average is GBX 37.36 and its 200-day simple moving average is GBX 39.85. The company has a debt-to-equity ratio of 141.80, a quick ratio of 0.89 and a current ratio of 1.03. The firm has a market capitalization of £477.29 million, a PE ratio of -3.06, a PEG ratio of -0.08 and a beta of 2.60.

Insider Buying and Selling at THG

In other THG news, insider Matthew Moulding acquired 24,395,170 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were bought at an average price of GBX 35 per share, for a total transaction of £8,538,309.50. Insiders own 22.90% 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. 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.