Greggs (LON:GRG) Shares Down 10.1% – Should You Sell?

Greggs plc (LON:GRG) dropped 10.1% during trading on Thursday . The stock traded as low as GBX 2,334 ($28.85) and last traded at GBX 2,362 ($29.20). Approximately 838,674 shares changed hands during trading, an increase of 220% from the average daily volume of 261,737 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Price Performance

The firm has a market capitalization of £2.38 billion, a price-to-earnings ratio of 1,747.76, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. 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 business has a fifty day moving average of GBX 2,741.39 and a two-hundred day moving average of GBX 2,899.72.

Insider Activity

In related news, insider Roisin Currie acquired 14 shares of the stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average price of GBX 2,886 ($35.67) per share, for a total transaction of £404.04 ($499.43). 5.89% of the stock is 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.