Greggs (LON:GRG) Trading Down 10.7% – Should You Sell?

Greggs plc (LON:GRG) shares fell 10.7% during trading on Thursday . The company traded as low as GBX 2,320 ($28.68) and last traded at GBX 2,346 ($29.00). 1,174,864 shares traded hands during mid-day trading, an increase of 270% from the average session volume of 317,769 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Stock Down 11.3 %

The stock has a market capitalization of £2.36 billion, a price-to-earnings ratio of 1,738.31, a PEG ratio of 3.39 and a beta of 1.43. The business has a fifty day moving average of GBX 2,741.39 and a 200 day moving average of GBX 2,899.72. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88.

Insider Activity at Greggs

In other Greggs news, insider Roisin Currie acquired 14 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were purchased at an average cost of GBX 2,886 ($35.67) per share, for a total transaction of £404.04 ($499.43). 5.89% of the stock is currently owned by insiders.

Greggs Company Profile

Greggs is a leading UK food-on-the-go retailer with more than 2,400 shops nationwide and approximately 32,000 employees across the business.

As a food-on-the-go retailer, Greggs specialises in daily fresh shop-made sandwiches, and savouries baked fresh in the shop ovens throughout the day. These are further complemented by popular products and ranges including freshly ground coffee, breakfast, confectionery and evening menu items.