Greggs (LON:GRG) Stock Price Down 14.5% – Should You Sell?

Greggs plc (LON:GRG)’s share price dropped 14.5% during mid-day trading on Friday . The stock traded as low as GBX 2,210 ($27.19) and last traded at GBX 2,246.25 ($27.64). Approximately 1,652,230 shares traded hands during mid-day trading, an increase of 316% from the average daily volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.31).

Greggs Trading Down 3.4 %

The stock has a market capitalization of £2.17 billion, a PE ratio of 1,593.74, a PEG 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. The business’s 50-day moving average is GBX 2,728.08 and its two-hundred day moving average is GBX 2,893.76.

Insider Buying and Selling

In other news, insider Roisin Currie purchased 14 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were purchased at an average price of GBX 2,886 ($35.51) per share, with a total value of £404.04 ($497.16). 5.89% of the stock is currently 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.