Greggs (LON:GRG) Shares Down 14.5% – What’s Next?

Greggs plc (LON:GRG) dropped 14.5% on Thursday . The stock traded as low as GBX 2,210 ($26.98) and last traded at GBX 2,246.25 ($27.43). Approximately 1,652,230 shares traded hands during trading, an increase of 316% from the average daily volume of 397,330 shares. The stock had previously closed at GBX 2,626 ($32.06).

Greggs Stock Performance

The stock has a market cap 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. The firm has a 50 day moving average of GBX 2,714.40 and a two-hundred day moving average of GBX 2,888.41. The company has a debt-to-equity ratio of 66.19, a quick ratio of 0.88 and a current ratio of 0.80.

Insider Transactions at Greggs

In related news, insider Roisin Currie acquired 14 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were bought at an average price of GBX 2,886 ($35.24) per share, for a total transaction of £404.04 ($493.33). Corporate insiders own 5.89% of the company’s stock.

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.