Greggs (LON:GRG) Shares Down 14.6% – Should You Sell?

Greggs plc (LON:GRG)’s stock price was down 14.6% on Thursday . The company traded as low as GBX 2,238 ($27.66) and last traded at GBX 2,241.68 ($27.71). Approximately 1,479,823 shares were traded during trading, an increase of 301% from the average daily volume of 368,595 shares. The stock had previously closed at GBX 2,626 ($32.46).

Greggs Price Performance

The firm has a market cap of £2.24 billion, a PE ratio of 1,649.25, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The stock’s fifty 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 current ratio of 0.80 and a quick ratio of 0.88.

Insiders Place Their Bets

In related news, insider Roisin Currie acquired 14 shares of Greggs stock in a transaction dated Wednesday, October 23rd. The stock was acquired at an average price of GBX 2,886 ($35.67) per share, for a total transaction of £404.04 ($499.43). 5.89% of the stock is currently 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.