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

Shares of THG Plc (LON:THG - Get Free Report) were up 12.8% on Wednesday . The stock traded as high as GBX 33.06 ($0.45) and last traded at GBX 31.72 ($0.44). Approximately 16,466,682 shares traded hands during mid-day trading, an increase of 100% from the average daily volume of 8,228,438 shares. The stock had previously closed at GBX 28.12 ($0.39).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price target on THG from GBX 49 ($0.67) to GBX 45 ($0.62) and set an "underweight" rating on the stock in a research report on Tuesday, March 25th.

THG Price Performance

The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 75.19. The firm's 50-day moving average price is GBX 26.09 and its two-hundred day moving average price is GBX 34.30. The stock has a market cap of £449.94 million, a PE ratio of -1.91, a PEG ratio of -0.08 and a beta of 2.40.

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