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

Greggs plc (LON:GRG)’s share price fell 14.5% on Thursday . The company traded as low as GBX 2,210 ($26.98) and last traded at GBX 2,246.25 ($27.43). 1,652,230 shares were traded 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 ($32.06).

Greggs Price Performance

The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19. The business’s 50 day simple moving average is GBX 2,714.40 and its two-hundred day simple moving average is GBX 2,888.41. The stock 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.

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 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 owned by 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.