Greggs (LON:GRG) Hits New 1-Year Low – Should You Sell?

Greggs plc (LON:GRG)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 1,900 ($24.49) and last traded at GBX 1,908.87 ($24.61), with a volume of 1585028 shares. The stock had previously closed at GBX 2,082 ($26.84).

Greggs Trading Down 2.1 %

The company has a market cap of £1.79 billion, a P/E ratio of 13.20, a PEG ratio of 3.39 and a beta of 1.43. The firm’s 50 day moving average is GBX 2,242.34 and its two-hundred day moving average is GBX 2,670.65. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19.

Greggs (LON:GRG) last released its quarterly earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.94) EPS for the quarter. Greggs had a return on equity of 26.79% and a net margin of 7.13%. As a group, equities research analysts anticipate that Greggs plc will post 142.3763386 EPS for the current year.

Insider Activity at Greggs

In other news, insider Nigel Mills bought 925 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was acquired at an average price of GBX 2,149 ($27.70) per share, with a total value of £19,878.25 ($25,622.91). 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.