Greggs (LON:GRG) Sets New 1-Year Low – Time to Sell?

Greggs plc (LON:GRG) shares reached a new 52-week low on Tuesday . The stock traded as low as GBX 1,900 ($24.15) and last traded at GBX 1,908.87 ($24.26), with a volume of 1585028 shares changing hands. The stock had previously closed at GBX 2,082 ($26.46).

Greggs Stock Down 12.6 %

The stock has a market cap of £1.84 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The firm’s fifty day moving average price is GBX 2,279.30 and its two-hundred day moving average price is GBX 2,688.47. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88.

Greggs (LON:GRG) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.92) earnings per share for the quarter. Greggs had a return on equity of 26.79% and a net margin of 7.13%. Sell-side analysts forecast that Greggs plc will post 142.3763386 earnings per share for the current fiscal year.

Insider Transactions at Greggs

In other Greggs news, insider Nigel Mills bought 925 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was bought at an average cost of GBX 2,149 ($27.31) per share, with a total value of £19,878.25 ($25,261.47). 5.89% of the stock is owned by 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.