Greggs (LON:GRG) Trading Down 14.5% – Time to Sell?

Greggs plc (LON:GRG)’s share price was down 14.5% during trading on Thursday . The company traded as low as GBX 2,210 ($27.32) and last traded at GBX 2,246.25 ($27.77). Approximately 1,652,230 shares changed hands during mid-day 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 Stock Down 14.5 %

The stock has a fifty day moving average price of GBX 2,737.99 and a 200 day moving average price of GBX 2,898.07. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. The stock has a market capitalization of £2.28 billion, a P/E ratio of 1,676.30, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43.

Insider Transactions at Greggs

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

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.