Greggs (LON:GRG) Stock Price Down 14.5% – Time to Sell?

Greggs plc (LON:GRG)’s share price traded down 14.5% during mid-day trading on Thursday . The company traded as low as GBX 2,210 ($27.32) and last traded at GBX 2,246.25 ($27.77). 1,652,230 shares traded hands during mid-day trading, an increase of 316% from the average session volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Stock Down 14.5 %

The business’s 50 day moving average price is GBX 2,737.99 and its 200-day moving average price is GBX 2,898.07. 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 firm has a market capitalization of £2.28 billion, a PE ratio of 1,676.30, a P/E/G ratio of 3.39 and a beta of 1.43.

Insider Buying and Selling at Greggs

In other news, insider Roisin Currie bought 14 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was bought at an average cost of GBX 2,886 ($35.67) per share, with a total value of £404.04 ($499.43). 5.89% of the stock is owned by corporate insiders.

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.