Greggs (LON:GRG) Trading Down 14.6% – Should You Sell?

Greggs plc (LON:GRG) traded down 14.6% on Thursday . The company traded as low as GBX 2,238 ($27.33) and last traded at GBX 2,241.68 ($27.37). 1,479,823 shares were traded during mid-day trading, an increase of 301% from the average session volume of 368,595 shares. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Stock Performance

The business has a 50 day moving average of GBX 2,728.08 and a 200 day moving average of GBX 2,893.76. The company has a market capitalization of £2.11 billion, a P/E ratio of 1,553.73, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19.

Insider Activity at Greggs

In related news, insider Roisin Currie acquired 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 ($35.24) per share, for a total transaction of £404.04 ($493.33). 5.89% of the stock is owned by corporate 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.