Greggs (LON:GRG) Trading Down 14.7% – What’s Next?

Greggs plc (LON:GRG)’s stock price dropped 14.7% on Thursday . The stock traded as low as GBX 2,222 ($27.13) and last traded at GBX 2,240 ($27.35). Approximately 100,913,172 shares traded hands during trading, an increase of 496% from the average daily volume of 16,940,820 shares. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Price Performance

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

Insider Activity

In related news, insider Roisin Currie acquired 14 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was purchased at an average cost of GBX 2,886 ($35.24) per share, with a total value of £404.04 ($493.33). 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.