Greggs (LON:GRG) Trading Down 12.5% – Should You Sell?

Greggs plc (LON:GRG) was down 12.5% during trading on Thursday . The stock traded as low as GBX 2,286 ($27.91) and last traded at GBX 2,297.96 ($28.06). Approximately 1,218,997 shares were traded during trading, an increase of 275% from the average daily volume of 325,124 shares. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Price Performance

The stock has a 50-day moving average of GBX 2,728.08 and a two-hundred day moving average of GBX 2,893.76. The firm has a market cap of £2.11 billion, a price-to-earnings ratio of 1,553.73, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 66.19.

Insider Buying and Selling at Greggs

In other news, insider Roisin Currie purchased 14 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average price of GBX 2,886 ($35.24) per share, for a total transaction of £404.04 ($493.33). 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.