THG (LON:THG) Shares Up 12.8% - Still a Buy?

THG Plc (LON:THG - Get Free Report)'s share price shot up 12.8% during mid-day trading on Thursday . The company traded as high as GBX 33.06 ($0.45) and last traded at GBX 31.72 ($0.43). 16,466,682 shares traded hands during trading, an increase of 100% from the average session volume of 8,228,438 shares. The stock had previously closed at GBX 28.12 ($0.38).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their target price on shares of THG from GBX 49 ($0.67) to GBX 45 ($0.61) and set an "underweight" rating on the stock in a research note on Tuesday, March 25th.

THG Stock Up 3.2%

The business's fifty day simple moving average is GBX 26.09 and its 200 day simple moving average is GBX 34.30. The stock has a market cap of £433.00 million, a price-to-earnings ratio of -1.84, a price-to-earnings-growth ratio of -0.08 and a beta of 2.40. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 75.19.

THG (LON:THG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported GBX (13) (($0.18)) earnings per share (EPS) for the quarter. THG had a negative return on equity of 24.45% and a negative net margin of 11.77%. Equities analysts forecast that THG Plc will post -6.7170435 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.