Greggs (LON:GRG) Trading Down 14.5% – Should You Sell?

Greggs plc (LON:GRG)’s stock price was down 14.5% on Thursday . The stock traded as low as GBX 2,210 ($27.32) and last traded at GBX 2,246.25 ($27.77). Approximately 1,652,230 shares traded hands during trading, an increase of 316% from the average daily volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Price Performance

The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80. The stock has a market capitalization of £2.28 billion, a PE ratio of 1,676.30, a P/E/G ratio of 3.39 and a beta of 1.43. The company’s fifty day simple moving average is GBX 2,737.99 and its two-hundred day simple moving average is GBX 2,898.07.

Insiders Place Their Bets

In other news, insider Roisin Currie bought 14 shares of the stock in a transaction on Wednesday, October 23rd. The stock was purchased at an average cost of GBX 2,886 ($35.67) per share, with a total value of £404.04 ($499.43). 5.89% of the stock is currently owned by company insiders.

About Greggs

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.