THG (LON:THG) Stock Price Up 12.8% - Here's What Happened

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

Wall Street Analysts Forecast Growth

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

THG Stock Up 12.8%

The stock has a market capitalization of £419.77 million, a P/E ratio of -1.79, a PEG ratio of -0.08 and a beta of 2.40. The stock has a 50 day moving average price of GBX 26.03 and a 200-day moving average price of GBX 34.32. The company has a debt-to-equity ratio of 75.19, a current ratio of 1.25 and a quick ratio of 0.89.

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

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