THG (LON:THG) Trading Up 13.1% - Here's What Happened

THG Plc (LON:THG - Get Free Report) shares rose 13.1% during trading on Wednesday . The stock traded as high as GBX 33.06 ($0.45) and last traded at GBX 31.81 ($0.44). Approximately 14,448,223 shares traded hands during trading, an increase of 76% from the average daily volume of 8,211,757 shares. The stock had previously closed at GBX 28.12 ($0.39).

Analysts Set New Price Targets

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

THG Price Performance

The firm's fifty day simple moving average is GBX 26.34 and its 200 day simple moving average is GBX 34.11. The company has a debt-to-equity ratio of 75.19, a quick ratio of 0.89 and a current ratio of 1.25. The firm has a market cap of £449.94 million, a P/E ratio of -1.91, a P/E/G ratio of -0.08 and a beta of 2.40.

THG (LON:THG - Get Free Report) last announced its earnings results 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, analysts forecast that THG Plc will post -6.7170435 earnings per share for the current 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.